GPG Management Purchases Multifamily Asset At 75 Pierrepont Street Brooklyn For $6.8 Million

The property involved in this transaction is located at 75 Pierrepont Street in Brooklyn. It is a multi-family asset consisting of 37 units with a total square footage of 25,801. The sale price for this property was $6,800,000, resulting in a price per unit of $183,783 and a price per square foot of $263.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $6,800,000
• Units: 37
• Total Square Footage: 25,801
• Price Per Unit: $183,783
• Price Per Square Foot: $263
• Buyer: GPG Management
• Brokers: Thomas Gammino & Patrick Donahue - Lee & Associates
• Date of Transaction: 08/15/2024

Key individuals involved in this transaction include GPG Management as the buyer, while the brokerage representation was provided by Thomas Gammino and Patrick Donahue from Lee & Associates. Their involvement facilitated the completion of the sale.