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Holliday Family Acquires Multifamily Property In Clinton Hill, Brooklyn For $1.7M

201 gates avenue
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This MultiFamily property located in NY was sold for $1,700,000 about 1 year ago. The brokers of the deal were Shaun Riney, Andrew Bronsteen, and Daniel Greenblatt

The multifamily property located at 201 Gates Avenue in Clinton Hill, Brooklyn has been sold in a closed transaction. The property consists of 4 units, with a total square footage of 3,966. The sale price for the property was $1,700,000, resulting in a price per unit of $425,000 and a price per square foot of $429.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,700,000
  • Address: 201 Gates Avenue
  • Market: Clinton Hill, Brooklyn
  • Units: 4
  • Price per Unit: $425,000
  • Square Footage: 3,966
  • Price per Square Foot: $429

The buyers in this transaction were the Holliday Family, while the sellers were the O'Shea Family. The deal was facilitated by brokers Shaun Riney, Andrew Bronsteen, Daniel Greenblatt, and Jason Farese from Marcus & Millichap.

Prior to engaging Marcus & Millichap as the exclusive listing brokers, the seller was considering an off-market offer of $1.2 million. However, with the assistance of the brokers, the property went from listing to contract signing in just three weeks. There were a total of 24 tours and 16 written offers during this time.

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Deals
  • Location
    201 Gates Avenue201 Gates Avenue
  • Sale Price
    $1,700,000$1,700,000
    $428 PPSF$428 PPSF
  • Area
    3,966 SF3,966 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Andrew Bronsteen

Andrew Bronsteen

Deals35
Financed$138M

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: Daniel Greenblatt, Shaun Riney, Andrew Bronsteen & Jason Farese DATE: 12/28/2022 ADDRESS: 201 Gates Avenue MARKET: Clinton Hill, Brooklyn ASSET TYPE: Multifamily BUYER: Holliday Family SELLER: O'Shea Family BROKERS: Shaun Riney (@ShaunRiney1), Andrew Bronsteen (@BkBronsteen), Daniel Greenblatt (@Dealblatt) & Jason Farese (@JrFaresenymf) - Marcus & Millichap (@MarcusMillichap_NY) SALE PRICE: $1,700,000 UNITS: 4 ~ PPU: $425,000 SF: 3,966 ~ PPSF: $429 NOTE FROM BROKER: Prior to engaging us as the exclusive listing brokers, the seller was prepared to accept an off-market offer of $1.2m. We went from listing to contract signing in 3 weeks after 24 tours and 16 written offers.

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