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Michael Neamonitakis Acquires Multifamily Property In Fort Hamilton, Brooklyn For $8.7M

101 Marine Avenue
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This MultiFamily property located in NY was sold for $8,700,000 about 6 years ago. The brokers of the deal were Shaun Riney and Mark Zarrella

A multifamily property located at 101 Marine Avenue in Fort Hamilton, Brooklyn has been sold for $8,700,000. The property spans 27,470 square feet and has a price per square foot of $317. It consists of 30 units, with a price per unit of $290,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $8,700,000
  • Square Footage: 27,470 sf
  • Price per Square Foot: $317
  • Number of Units: 30
  • Price per Unit: $290,000
  • Address: 101 Marine Avenue
  • Market: Fort Hamilton, Brooklyn

The seller of the property was Steve Drogaris, while the buyer was Michael Neamonitakis. The deal was facilitated by Shaun Riney and Mark Zarrella of New York Multifamily, one of the most successful brokerage teams in New York.

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Deals
  • Location
    101 Marine Ave, Brooklyn, NY 11209, USA101 Marine Ave, Brooklyn, NY 11209, USA
  • Sale Price
    $8,700,000$8,700,000
    $316 PPSF$316 PPSF
  • Area
    27,470 SF27,470 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Mark Zarrella

Mark Zarrella

Deals33
Sold$227.5M

Shaun Riney

Shaun Riney

Deals263
Financed$1.4B

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

Social

Deal Summary

IMAGE: Mark Zarrella (@MarkZarella) and Shaun Riney (@ShaunRiney) DATE: 03/16/2018 ADDRESS: 101 Marine Avenue CITY: New York MARKET: Fort Hamilton, Brooklyn ASSET TYPE: Multifamily PRICE: $8,700,000 SF: 27,470 sf PPSF: $317 UNITS: 30 PPU: $290K SELLER: Steve Drogaris BUYER: Michael Neamonitakis BROKER: Shaun Riney and Mark Zarrella Of @newyorkmultifamily - of the most successful brokerage teams in NY.

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