SOLD
Azi Mandel & Adam Mersmeltein Of Treetop Development Acquires Multifamily Portfolio In East Williamsburg For $76M
381 & 390 Hooper Street & 1479 & 1529 Dahill Street
MultiFamily
300,500 SF
300,500 SF
Sold 1 year ago
Summary
Sale
NEW YORK
MultiFamily
300,500 sqft
The recently closed property transaction in East Williamsburg involved the sale of a multifamily asset. The properties, located at 381 & 390 Hooper St. and 1479 & 1529 Dahill St., were part of a 13 building portfolio consisting of 389 residential units and 5 retail spaces. These rent-stabilized properties are situated in the E Williamsburg, Midwood, and Sheepshead Bay areas of Brooklyn, NY.
Summary of Transaction Details
- Property Type: Multifamily
- Sale Price: $76,000,000
- Units: 394
- Price Per Unit (PPU): $192,893
- Square Footage: 300,500
- Price Per Square Foot (PPSF): $252
Azi Mandel and Adam Mersmeltein of Treetop Development acted as the buyers in this transaction. The deal was facilitated by Steven Vegh and Phil Goldstein from Westwood Realty Associates.
Players
All
2
Agents
2
Details
SOLD
IMAGE: Azi Mandel, Adam Mersmeltein, Steven Vegh & Phil Goldstein
DATE: 12/09/2021
ADDRESS: 381 & 390 Hooper St. & 1479 & 1529 Dahill St.
MARKET: East Williamsburg
ASSET TYPE: Multifamily
BUYER: Azi Mandel & Adam Mersmeltein - Treetop Development
BROKERS: Steven Vegh (@StevenVegh) & Phil Goldstein (@PhilGoldstein) (@Phil-Goldstein-84) - Westwood Realty Associates
SALE PRICE: $76,000,000
UNITS: 394 ~ PPU: $192,893
SF: 300,500 ~ PPSF: $252
NOTE: The 13 building portfolio consisted of 389 residential units & 5 retail spaces. The properties, all ret stabilized are located in E Williamsburg, Midwood & Sheepshead bay area on Brooklyn, NY.View on map
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Address381 & 390 Hooper Street & 1479 & 1529 Dahill Street
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