The transaction involves a multifamily residential building located at 80-82 Ainslie Street in Williamsburg, Brooklyn. The sale price for the property was $8,500,000, with 16 units resulting in a price per unit of $531,250. The building encompasses a total square footage of 17,305, leading to a price per square foot of $491.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $8,500,000
• Buyer: 80 Ainslie Street LLC
• Seller: Bankwell Bank
• Units: 16
• Square Footage: 17,305
• Price Per Unit: $531,250
• Price Per Square Foot: $491

80 Ainslie Street LLC acquired the property from Bankwell Bank through a real estate-owned transaction, indicating that the seller was in possession of the asset due to a prior default. This purchase signifies the involvement of both a buyer and a seller with specific roles in the transaction process.