Robert Khoo Acquires Greenwood Heights Multifamily For $1.7M

An prime Greenwood Heights mixed-use building located at 685 5th Avenue in Brooklyn has been sold in a closed property transaction. The multifamily asset was purchased by Robert Khoo for a sale price of $1,700,000. The building spans across 2,400 square feet, with a price per square foot of $708. The property was listed by its seller, Thomas Pitsillos.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,700,000
• Address: 685 5th Avenue
• Market: Greenwood Heights, Brooklyn

Matt Fotis and Sebastian Altilio from Marcus & Millichap represented both the buyer and seller in this transaction.

The sale of this rare prime Greenwood Heights mixed-use building presents a valuable investment opportunity. With its central location and desirable features, this multifamily property attracted significant interest in the market.