Edward Newell Purchases MultiFamily Property At 87 Joralemon Street For $3.69M With John Brennan As The Broker

The property involved in the transaction is a MultiFamily asset located at 87 Joralemon Street in Brooklyn Heights, Brooklyn. The sale price was $3,690,000, with a total of 10 units. The building boasts a total square footage of 4,926, resulting in a price per unit of $369,000 and a price per square foot of $749.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $3,690,000
• Address: 87 Joralemon Street
• Market: Brooklyn Heights, Brooklyn
• Units: 10
• Square Footage: 4,926
• Price Per Unit: $369,000
• Price Per Square Foot: $749
• Buyer: Edward Newell
• Broker: John Brennan - Marcus & Millichap

Edward Newell acted as the buyer in this transaction, and John Brennan represented him as the broker from Marcus & Millichap. The deal showcases a successful collaboration between the buyer and the brokerage team in the current market.