Charney Companies Purchases Multifamily Asset In Brooklyn For $4.2 Million Represented By Matt Fotis

The property asset involved in the transaction is a multifamily building located at 83 2nd Place, Brooklyn. The sale price of the asset was $4,200,000, encompassing a total of 8 units. The total square footage of the property amounts to 6,700, resulting in a price per unit (PPU) of $525,000 and a price per square foot (PPSF) of $626.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,200,000
• Units: 8
• Square Footage: 6,700
• Price Per Unit: $525,000
• Price Per Square Foot: $626
• Buyer: Charney Companies
• Broker: Matt Fotis - Marcus & Millichap
• Date of Transaction: 10/16/2025

Matt Fotis from Marcus & Millichap represented the buyer, Charney Companies, in this transaction, facilitating the sale process on their behalf.