Acquires Multifamily Asset At 722 President Street In Brooklyn For $3.4M

The property asset involved in this transaction is a multifamily building located at 722 President Street, Brooklyn. The sale price was $3,400,000 for a total of 4,200 square feet, which results in a price per square foot of $809. The building consists of 3 units, leading to a price per unit of $1,133,333.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,400,000
• Address: 722 President Street
• Market: Brooklyn
• Units: 3
• Square Footage: 4,200
• Price Per Square Foot: $809
• Price Per Unit: $1,133,333

The buyer of the property is , while the seller is the Porretto Family. The transaction was facilitated by the brokerage team of John Brennan and Bryan Ellis from Marcus & Millichap, representing the involved parties in this deal.