Northgate Real Estate Group Brokers $18.6M Multifamily Portfolio Sale In Brooklyn

The transaction involves a multifamily portfolio consisting of multiple addresses: 80 New York Avenue, 346 Grand Street, 81 Stockholm Street, 83 Stockholm Street, 169 Troutman Street, 467 Central Avenue, and 729 Meeker Avenue, located in the Brooklyn market. The total sale price for the portfolio was $18,600,000, with a total square footage of 47,057, resulting in a price per square foot of $395.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $18,600,000
• Square Footage: 47,057
• Price Per Square Foot: $395
• Addresses: 80 New York Avenue, 346 Grand Street, 81 Stockholm Street, 83 Stockholm Street, 169 Troutman Street, 467 Central Avenue, and 729 Meeker Avenue
• Market: Brooklyn
• Brokers: Greg Corbin, Felix Ades, and David Friedman - Northgate Real Estate Group

Northgate Real Estate Group's brokers, who played a significant role in the transaction, have a proven track record with over $4.3 billion in real estate transactions. The firm is recognized for its expertise in distressed investment sales, focusing on bankruptcies, foreclosures, UCC sales, restructuring, loan sales, and borrower/lender workouts.