Matthew Rooney Of MDG Design & Construction Acquires Multifamily Building From NYCHA For $269.9M

The multifamily asset involved in the transaction is located at 9910 Seaview Avenue in Canarsie, Brooklyn. The sale price for the property was $269,900,000, which translates to a price per square foot of $177. The building encompasses a total of 1,526,800 square feet and consists of 1,610 residential units. It is part of a 99-year PACT deal, offering a substantial 1.76 million buildable square feet.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $269,900,000
• Address: 9910 Seaview Avenue
• Market: Canarsie, Brooklyn
• Square Footage: 1,526,800
• Price per Square Foot: $177
• Buyer: Matthew Rooney - MDG Design + Construction
• Seller: New York City Housing Authority

Matthew Rooney, representing MDG Design + Construction, facilitated the acquisition through Bay View PACT LLC. The transaction highlights the involvement of the New York City Housing Authority as the seller in this significant deal within the Brooklyn real estate market.