Merchants Capital Sells Multifamily Asset At 977 Manhattan Avenue In Greenpoint For $7.595M

The property asset involved in this transaction is a multifamily unit located at 977 Manhattan Avenue in the Greenpoint market. The sale was completed for a total price of $7,595,000, encompassing 14 units. The building spans a considerable 16,236 square feet, with a price per unit of $542,500 and a price per square foot of $467.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,595,000
• Units: 14
• Square Footage: 16,236
• Price Per Unit: $542,500
• Price Per Square Foot: $467
• Seller: Merchants Capital
• Brokers: Daniel O'Brien, Brett Siegel, Caroline Hodes, Henry Hill & Steven Schultz - Newmark
• Date: 9/8/2025

This transaction involved brokers Daniel O'Brien, Brett Siegel, Caroline Hodes, Henry Hill, and Steven Schultz, who represented the seller, Merchants Capital. Their collective efforts facilitated the successful closure of this multifamily property deal in the Greenpoint area.