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Northgate Real Estate Group Facilitates Sale Of Brooklyn Multifamily For $5.37M

Property Image
SOLD
$5,370,000

New York

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MultiFamily8,509 SF
Sold 08/12/2025
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Property Image
SOLD

Northgate Real Estate Group Facilitates Sale Of Brooklyn Multifamily For $5.37M

856 Greene Avenue

See Similar Deals
MultiFamily8,509 SF
Sold 08/12/2025
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$631
Total Square Footage:8,509 SF
Transaction Type:Sale

The asset in question is a multifamily property located at 856 Greene Avenue in the Brooklyn market, which was recently sold for $5,370,000. The property contains 10 units with a total square footage of 8,509, leading to a price per unit of $537,000 and a price per square foot of $631.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,370,000
  • Units: 10
  • Square Footage: 8,509
  • Price Per Unit: $537,000
  • Price Per Square Foot: $631

The transaction was facilitated by Northgate Real Estate Group, represented by brokers Greg Corbin, Felix Ades, and Jonathan Janashvili. This sale occurred as a part of a bankruptcy process involving the newly renovated property.

Players

Greg Corbin
83 deals$1.1B volume(212) 419-8101
BROKER

Felix Ades
Northgate Real Estate Group
29 deals$206.5M volume(212) 359-1787
BROKER

Jonathan Janashvili
Northgate Real Estate Group
2 deals$7.8M volume(516) 776-1997
BROKER

Details

SOLD
IMAGE: Felix Ades, Greg Corbin & Jonathan Janashvili DATE: 8/12/2025 ADDRESS: 856 Greene Avenue MARKET: Brooklyn ASSET TYPE: Multifamily BROKERS: Greg Corbin, Felix Ades (@DJFelixAdes) & Jonathan Janashvili - Northgate Real Estate Group (@NorthGateREG) SALE PRICE: $5,370,000 UNITS: 10 ~ PPU: $537,000 SF: 8,509 ~ PPSF: $631 NOTE FROM BROKER: Northgate Real Estate Group sold this newly renovated multifamily property through a bankruptcy sale.

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