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Shlomo Karpen & Joe Landau Acquire Multifamily Property In Bedford Stuyvesant, Brooklyn For $22.4M

902-908 Bedford Avenue
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This MultiFamily property located in NY was sold for $22,400,000 almost 4 years ago. The brokers of the deal were Shaun Riney, Mark Zarrella, and Daniel Greenblatt

Located at 902-908 Bedford Avenue in the Bedford Stuyvesant neighborhood of Brooklyn, this multifamily property was recently sold on June 15, 2021. The asset consists of a total of 44 units and spans over 56,990 square feet. The sale price for this transaction was recorded at $22,400,000, resulting in an average price per unit of $509,000 and a price per square foot of $417.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $22,400,000
  • Units: 44
  • Price per Unit: $509,000
  • Square Footage: 56,990
  • Price per Square Foot: $417
  • Market: Bedford Stuyvesant, Brooklyn

The buyer for this transaction was Shlomo Karpen and Joe Landau, while Leon Goldstein of Slope Realty acted as the seller. The deal was facilitated by brokers Shaun Riney, Mark Zarrella, and Daniel Greenblatt from New York Multifamily and Marcus & Millichap. Their expertise and negotiation skills played a crucial role in the successful completion of this transaction.

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Deals
  • Location
    902-908 Bedford Avenue, Brooklyn, NY, USA902-908 Bedford Avenue, Brooklyn, NY, USA
  • Sale Price
    $22,400,000$22,400,000
    $393 PPSF$393 PPSF
  • Area
    56,990 SF56,990 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Daniel Greenblatt

Daniel Greenblatt

Deals43
Financed$168.7M

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: Mark Zarrella, Shaun Riney & Daniel Greenblatt DATE: 06/15/2021 ADDRESS: 902-908 Bedford Avenue MARKET: Bedford Stuyvesant, Brooklyn ASSET TYPE: Multifamily BUYER: Shlomo Karpen & Joe Landau SELLER: Leon Goldstein - Slope Realty BROKERS: Shaun Riney (@ShaunRiney1), Mark Zarrella (@MarkZarrella) & Daniel Greenblatt (@DealBlatt) @NewYorkMultifamily @MarcusMillichap_NY SALE PRICE: $22,400,000 UNITS: 44 ~ PPU: $509,000 SF: 56,990 ~ PPSF: $417

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902-908 Bedford Avenue

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