Gilman Management Acquires Multifamily Property On Herkimer St. In Bedford-Stuyvesant, Brooklyn For $5.25M

The multifamily property located at 575 Herkimer St. in Bedford-Stuyvesant, Brooklyn has been sold in a closed transaction. The property consists of 38 units and also includes 3 cell phone antennae. The sale was facilitated by brokers Aaron Jungreis and Ben Khakshoor from Rosewood Realty Group. The property was purchased by Gilman Management from seller Guila Fein for a total sale price of $5,250,000. This equates to a per unit price of $131,578. The total square footage of the property is 35,200, and the price per square foot is $142.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,250,000
• Units: 38
• Price Per Unit: $131,578
• Total Square Footage: 35,200
• Price Per Square Foot: $142
• Cell Phone Antennae: 3

In addition to the main parties involved in the transaction, it is worth noting that David Setton of Cellside Partners played a role in arranging the sale of the cellular antenna income on behalf of the buyers. Cellside Partners specializes in providing consulting services for infrastructure-related real estate assets, such as cellular antenna leases and billboards.