The Raisner Group Acquires Multifamily Property In Bushwick, Brooklyn For $2.75M

Located in Bushwick, Brooklyn, the multifamily property at 55 Stanhope Street has been sold in a recent transaction. The property consists of 8 units with a total square footage of 6,103. The sale price for the property was $2,750,000, making it a lucrative investment opportunity.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,750,000
• Address: 55 Stanhope Street, Bushwick, Brooklyn
• Market: Bushwick, Brooklyn
• Units: 8
• Price per Unit (PPU): $343,750
• Total Square Footage (SF): 6,103
• Price per Square Foot (PPSF): $451

The buyer in this transaction was The Raisner Group, while the seller was Leo Klein. The deal was facilitated by the brokers Derek Bestreich, Steve Reynolds, Tom Reynolds, Brian Davila, and Noah Middlekauff of Investment Property Realty Group (IPRG). Their expertise in the real estate market played a crucial role in successfully closing this transaction.