Greg Fournier Acquires Multifamily Portfolio From Bolender Family In Brooklyn For $7.25M

The transaction involved the sale of a portfolio consisting of three fully renovated multifamily buildings located at 756 Greene Avenue, 222 Monroe Street, and 264 Brooklyn Avenue in Brooklyn. The buildings encompass a total of 11,465 square feet and consist of 15 apartments, selling for a total price of $7,250,000 which translates to an average price per unit of $483,000 and a price per square foot of $632.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $7,250,000
• Buyer: Greg Fournier
• Seller: Bolender Family
• Broker: DJ Johnston - Matthews
• Units: 15
• Square Footage: 11,465
• Price Per Unit: $483,000
• Price Per Square Foot: $632

The deal was facilitated by DJ Johnston from Matthews, who highlighted the continued investor interest in renovated, free-market multifamily properties in Brooklyn. The properties include high-end finishes, separate utilities, and individual heating and cooling systems, providing immediate cash flow and limited capital expenditure requirements for investors.