Chateau Gabriel Group Acquires Multifamily Buildings In Brooklyn From Beer Family For $15.85M

The transaction involves a multifamily asset consisting of 22 apartments and 1 commercial unit, located at 370 Baltic Street, 56 Frost Street & 390 Fifth Avenue in the Brooklyn market. The sale price of the property was $15,850,000, with a price per unit of $689,130 and total square footage of 19,128, resulting in a price per square foot of $829.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $15,850,000
• Buyer: Arthur Gabriel, Suren Gabriel & Ben Normatov - Chateau Gabriel Group
• Seller: Beer Family
• Units: 23
• Square Footage: 19,128
• Price Per Unit: $689,130
• Price Per Square Foot: $829
• Date of Transaction: 10/07/2026
• Address: 370 Baltic Street, 56 Frost Street & 390 Fifth Avenue
• Market: Brooklyn
• Brokerage: Shaun Riney, Andrew Bronsteen, Michael Salvatico, Will Carbonari, Harrison Rich & Ariel Asherian - Marcus & Millichap

Chateau Gabriel Group, the buyer, expressed enthusiasm over the acquisition of these free market and tax class protected buildings in prime neighborhoods, including Park Slope, Cobble Hill, and Williamsburg. They are actively seeking similar opportunities and have requested brokers to send all potential listings to [email protected].