SOLD
NH Investment & Securities Acquires Multifamily Property In Williamsburg, Brooklyn For $157.5M
275 South 5th Street
MultiFamily
340,000 SF
340,000 SF
Sold 1 year ago
Summary
Sale
NEW YORK
MultiFamily
340,000 sqft
An attractive multifamily property located at 275 South 5th Street in Williamsburg, Brooklyn, was recently sold in a closed transaction. The property comprises 177 units, with a total square footage of 340,000. The sale price for this multifamily asset was $157,500,000, resulting in a price per unit of $889,830, and a price per square foot of $463.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $157,500,000
- Address: 275 South 5th Street
- Market: Williamsburg, Brooklyn
The deal was facilitated by the brokerage firm Cushman & Wakefield. The buyer, NH Investment & Securities, acquired the property from the sellers, Tavros Capital Partners and Charney Companies. The transaction was represented by brokers Adam Spies, Adam Doneger, Marcella Fasulo, and Daniel OBrien, who are associated with Cushman & Wakefield.
Players
All
5
Agents
4
Agencies
1
Details
SOLD
IMAGE: Adam Spies, Adam Doneger, Daniel OBrien & Marcella Fasulo
DATE: 05/06/2022
ADDRESS: 275 South 5th Street
MARKET: Williamsburg, Brooklyn
ASSET TYPE: Multifamily
BUYER: NH Investment & Securities
SELLER: Tavros Capital Partners & Charney Companies (@CharneyCompanies) (@Charney_Re)
BROKERS: Adam Spies, Adam Doneger (@ADoneger), Marcella Fasulo (@MMFasulo) & Daniel OBrien - Cushman & Wakefield (@CushWake)
SALE PRICE: $157,500,000
UNITS: 177 ~ PPU: $889,830
SF: 340,000 ~ PPSF: $463View on map
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Address275 South 5th Street
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