Norbil Trust Co Acquires 8-Unit Multifamily Building In Williamsburg For $5.8M

An eight-unit residential walkup building located at 69 Havemeyer Street in Williamsburg, Brooklyn has been sold for a total price of $5,825,000. The property, measuring approximately 5,500 square feet, is a multi-family asset in a highly sought-after market in Brooklyn. Each unit in the building has a price per unit (PPU) of $728,125, and the price per square foot (PPSF) is approximately $1,059.

Summary of transaction details:

• Property Type: Multi-Family
• Transaction Amount: $5,825,000
• Address: 69 Havemeyer Street, Williamsburg, Brooklyn
• Market: Williamsburg, Brooklyn
• Buyer: Norbil Trust Co
• Seller: Marimo Co., Ltd
• Units: 8
• PPU: $728,125
• Square Feet: 5,500
• PPSF: $1,059

Norbil Trust Co, represented by Norbil Investment, has successfully acquired the eight-unit residential walkup building at 69 Havemeyer Street in Williamsburg, Brooklyn. The seller, Marimo Co., Ltd, completed the transaction with the buyer. This deal showcases the investment potential in the Williamsburg market and highlights the involvement of Norbil Trust Co and Marimo Co., Ltd in the property transaction.