Milo Eadan Acquires Multifamily Property On Herbert Street, Williamsburg, Brooklyn For $1.65M

The property involved in this transaction is a multifamily building located at 94 Herbert Street in the Williamsburg neighborhood of Brooklyn. The asset was sold on March 29, 2021.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,650,000
• Address: 94 Herbert Street
• Market: Williamsburg, Brooklyn
• Zoning: R6B

The buyer of the property is Milo Eadan, while the seller is William Paz. The transaction was facilitated by Corey Haynes and Donal Flaherty from Bestreich Realty Group.

The sale price for the property was $1,650,000. The building has a total square footage of 5,000, resulting in a price per square footage of $330. The specific area available for use is 2,100 square feet, leading to a price per square foot of $785.

Note from @BRG_CRE: This is a 3-family building that was renovated and converted into a 2-family property. It features an owner's duplex and a rental unit on the top floor. For similar property sales, you can contact Bestreich Realty Group at 718-360-8801.