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Mike Niamonitakis Acquires Multifamily Property In Carrol Gardens, Brooklyn For $9M

356-360 Union Street
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This MultiFamily property located in NY was sold for $9,000,000 over 3 years ago. The brokers of the deal were Shaun Riney, Mark Zarrella, Peter Von Der Ahe, and Michael (Mike) Salvatico

A multifamily property in Carrol Gardens, Brooklyn has been sold for $9,000,000. The property, located at 356-360 Union Street, offers a total of 36 units spread across 24,253 square feet. The sale price per square foot was $371, and the price per unit was $250,000. The property has a capitalization rate of 5.52%. The transaction took place on August 28, 2020.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $9,000,000
  • Address: 356-360 Union Street
  • Market: Carrol Gardens, Brooklyn

Mike Niamonitakis was the buyer of this property, while Ilan Goldstein was the seller. The deal was facilitated by brokers Peter Von Der Ahe, Shaun Riney, Mike Salvatico, and Mark Zarrella.

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Deals
  • Location
    356 Union St, Brooklyn, NY 11231, USA356 Union St, Brooklyn, NY 11231, USA
  • Sale Price
    $9,000,000$9,000,000
    $371 PPSF$371 PPSF
  • Area
    24,253 SF24,253 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    4 Brokers, 1 Agency4 Brokers, 1 Agency

Agents

Michael (Mike) Salvatico

Michael (Mike) Salvatico

Deals132
Financed$603M

Shaun Riney

Shaun Riney

Deals263
Financed$1.4B

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

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Deal Summary

SALE IMAGE: Peter Von Der Ahe, Shaun Riney, Mike Salvatico, Mark Zarrella DATE: 08/28/2020 ADDRESS: 356-360 Union Street MARKET: Carrol Gardens, Brooklyn ASSET TYPE: Multifamily SALE PRICE: $9,000,000 SF: 24,253 PPSF: $371 UNITS: 36 PPU: $250,000 CAP: 5.52% BUYER: Mike Niamonitakis SELLER: Ilan Goldstein BROKERS: Peter Von Der Ahe, Shaun Riney, Mike Salvatico, Mark Zarrella

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356-360 Union Street

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