Mike Pitman Acquires Multifamily Property On Devoe St. In Williamsburg, Brooklyn For $1.6M

Located in the heart of Williamsburg, Brooklyn, the multifamily property at 59 Devoe St. has recently changed hands in a sale transaction. The transaction took place on November 23, 2021, with a sale price of $1,625,000. This two-unit property offers a total of 2,640 square feet of space, translating to a price per square foot of $615. With an average of $812,500 per unit, this property presents an attractive investment opportunity in the thriving Williamsburg market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,625,000
• Units: 2
• Price Per Unit: $812,500
• Square Footage: 2,640
• Price Per Square Foot: $615

The buyer in this transaction is Mike Pitman, who saw the potential of this property in the competitive Brooklyn market. Representing the buyer in this deal was Paula Manna from Compass, a trusted agency known for their expertise in property transactions.