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Edward Ostad Acquires Sunset Park Multifamily For $8.1M With Brokers Mark Zarrella & Shaun Riney

579 61st Street
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This MultiFamily property located in NY was sold for $8,125,000 over 2 years ago. The brokers of the deal were Shaun Riney and Mark Zarrella

A multifamily property located at 579 61st Street in Sunset Park has been sold for a total of $8,125,000. The property consists of 44 units with an average price per unit of $185,000. The total square footage of the property is 30,936, with a price per square foot of $263. The sale took place on December 21, 2021.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $8,125,000
  • Address: 579 61st Street, Sunset Park
  • Market: Sunset Park
  • Buyer: Edward Ostad
  • Brokers: Mark Zarrella & Shaun Riney - Marcus & Millichap
  • Units: 44
  • Price per Unit: $185,000
  • Total Square Footage: 30,936
  • Price per Square Foot: $263

The deal was facilitated by brokers Mark Zarrella and Shaun Riney from Marcus & Millichap. They represented the buyer, Edward Ostad, in the transaction.

View Related

Deals
  • Location
    579 61st Street, Brooklyn, New York 11220, United States579 61st Street, Brooklyn, New York 11220, United States
  • Sale Price
    $8,125,000$8,125,000
    $262 PPSF$262 PPSF
  • Area
    30,936 SF30,936 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

SALE IMAGE: Mark Zarrella & Shaun Riney DATE: 12/21/2021 ADDRESS: 579 61st Street MARKET: Sunset Park ASSET TYPE: Multifamily BUYER: Edward Ostad BROKERS: Mark Zarrella (@MarkZarrella) & Shaun Riney (@ShaunRiney1) - Marcus & Millichap (@MarcusMillichap_NY) SALE PRICE: $8,125,000 UNITS: 44 ~ PPU: $185,000 SF: 30,936 ~ PPSF: $263

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579 61st Street

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