Northgate Real Estate Group Completes Sale Of Multifamily Buildings For $6.15M In Brooklyn

Two contiguous multifamily buildings located at 867 & 871 Knickerbocker Avenue in Brooklyn were sold through a bankruptcy sale. The transaction reflects a sale price of $6,150,000, encompassing 12 units across a total square footage of 9,750, resulting in a price per unit of $512,500 and a price per square foot of $630.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,150,000
• Units: 12
• Square Footage: 9,750
• Price Per Unit: $512,500
• Price Per Square Foot: $630

Greg Corbin and Felix Ades from Northgate Real Estate Group represented the transaction, facilitating the sale of the two multifamily buildings involved in this deal.