Sutter Houses LLC Acquires Multifamily Buildings In Brownsville For $14.7M | 701 Ralph Avenue, 29 Sutter Avenue & 32 Sutter Avenue | MultiFamily | Sale

Summary

Sale

NEW YORK

MultiFamily

294,000 sqft

In Brownsville, Brooklyn, Sutter Houses LLC purchased three residential walkup buildings located at 701 Ralph Avenue, 29 Sutter Avenue, & 32 Sutter Avenue for a total of $14.7 million. The combined buildings span a total of 98,000 square feet, with a price per square foot of $150. The price per buildable square foot is $2,421.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $14,700,000
Buyer: Sutter Houses LLC
Seller: Sutter Houses Holdco LLC
Market: Brownsville, Brooklyn

Truman Management's address was utilized by Sutter Houses LLC during this acquisition. Sutter Houses LLC acquired the properties from the Sutter Houses Holdco LLC, marking a significant transaction within Brooklyn's real estate market.

Details

Deal Summary

SOLD

IMAGE: 04/15/2024 ADDRESS: 701 Ralph Avenue, 29 Sutter Avenue & 32 Sutter Avenue MARKET: Brownsville, Brooklyn ASSET TYPE: Multifamily BUYER: Sutter Houses LLC SELLER: Sutter Houses Holdco LLC SALE PRICE: $14,700,000 BSF: 6,072 ~ PPBSF: $2,421 SF: 98,000 ~ PPSF: $150 NOTE: Sutter Houses LLC, operating from Truman Management's address, acquired interests in three residential walkup buildings in Brownsville, Brooklyn, from Sutter Houses Holdco LLC for a combined value of $14.7 million.

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Address701 Ralph Avenue, 29 Sutter Avenue & 32 Sutter Avenue

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