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

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.