Kings Capital Purchases Multifamily Building In Brooklyn For $4.7M With Fouad Rahme As Buyer's Rep

This multifamily property located at 138 Joralemon Street in Brooklyn has been sold for $4,700,000. The asset comprises 11 units with a price per unit of $427,272, and features a total square footage of 6,250, resulting in a price per square foot of $752.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,700,000
• Units: 11
• Square Feet: 6,250
• Price Per Unit: $427,272
• Price Per Square Foot: $752
• Buyer: Kings Capital - George Giannopoulos, Tommy Giannopoulos & Jeffrey Znaty
• Seller: Gary Guttman
• Buyer's Representative: Fouad Rahme - Compass
• Seller's Representative: Peter Grazioli - Brown Harris Stevens

The transaction was facilitated by key representatives in the real estate field, with Fouad Rahme representing the buyer, Kings Capital, and Peter Grazioli representing the seller, Gary Guttman. Kings Capital is actively looking for similar off-market opportunities to expand their portfolio in prime areas of Brooklyn and Manhattan, focusing on multifamily properties, conversions, development sites, and joint ventures.