The multifamily property located at 850 Metropolitan Avenue in East Williamsburg, Brooklyn has been sold in a closed transaction. The property consists of 32 units and was sold for a total price of $33,791,000, resulting in a price per unit of $1,055,968. The sale was facilitated by Ran Oron, representing ROART & 850 Metropolitan Avenue Investors, LLC, as the seller. The buyer's representatives were Louis Adler, Jennifer Carey, Robert Rahmanian, and Jason Warner from REAL New York.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $33,791,000
• Address: 850 Metropolitan Avenue
• Market: East Williamsburg, Brooklyn

REAL New York is proud to have worked with the 850 Metropolitan developers as their exclusive brokerage since before the project launched in late 2019. Their sales team achieved the three highest price per square foot sales in East Williamsburg, reaching nearly $1,700 per square foot.