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Ragosta Family Acquires Multifamily Property In Brooklyn For $7.2M

Property Image
SOLD
$7,225,000

New York

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MultiFamily30,960 SF
Sold 09/12/2019
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Property Image
SOLD

Ragosta Family Acquires Multifamily Property In Brooklyn For $7.2M

8678 Bay Pkwy, Brooklyn, NY 11214, USA

See Similar Deals
MultiFamily30,960 SF
Sold 09/12/2019
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$233
Total Square Footage:30,960 SF
Transaction Type:Sale

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.

Players

MN
Meridian Properties
Michael Niamonitakis
10 deals$110.8M volume
SELLER

Details

SOLD
IMAGE: Erik Yankelovich DATE: 09/12/2019 ADDRESS: 8678 Bay Parkway MARKET: Brooklyn ASSET TYPE: Multifamily SELLER: Meridian Properties – Michael Niamonitakis BUYER: Ragosta Family SELLER’S REP: Erik Yankelovich BUYER’S REP: Shlomo Antebi ASKING PRICE: $7,600,000 SALE PRICE: $7,225,000 SF: 30,960 PPSF: $233 UNITS: 30 PPU: $241,000

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