Cohen Family Purchases Multifamily Property From Byrne Family For $4 Million In Brooklyn

The property asset involved in this transaction is a MultiFamily unit located at 585 3rd Street in the Brooklyn market. The transaction was completed with a sale price of $4,000,000, encompassing a total square footage of 4,000, which equates to a price per square foot of $1,000.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $4,000,000
• Address: 585 3rd Street
• Market: Brooklyn
• Square Footage: 4,000
• Price per Square Foot: $1,000
• Buyer: Cohen Family
• Seller: Byrne Family
• Broker: Michael Sherman - Baseline Real Estate Advisors

This deal involved the Cohen Family as the buyer and the Byrne Family as the seller, facilitated by broker Michael Sherman from Baseline Real Estate Advisors. The successful completion of this transaction highlights the involvement of key stakeholders in the real estate market in Brooklyn.