Ragosta Family Acquires Multifamily Property In Brooklyn For $7.2M

The multifamily property located at 8678 Bay Parkway in Brooklyn has been sold. The property spans across 30,960 square feet and consists of 30 units. The transaction involved a sale price of $7,225,000, resulting in a price per square foot of $233. The asking price for the property was $7,600,000, and it was ultimately purchased by the Ragosta Family.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,225,000
• Address: 8678 Bay Parkway
• Market: Brooklyn
• Square Footage: 30,960
• Price per Square Foot: $233
• Number of Units: 30
• Asking Price: $7,600,000

The seller of the property was Meridian Properties, represented by Michael Niamonitakis. On the buyer's side, the Ragosta Family was represented by their broker, Shlomo Antebi. Erik Yankelovich acted as the seller's representative in the deal.