1775 E 18th Street & 140 Ocean Parkway

$
46,000,000
Brooklyn, NY
Multifamily
1941
Vintage
SF
150
Units
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About the property
  • The team received 30 offers in writing.
  • Initial offers came in lower than the asking price, but through the competitive bidding environment the property sold for $1M over asking price.
  • The property went under contract with 0 contingencies, and sold for below a 3% day one cap rate.
  • The team helped the buyer do a 1031 exchange into heavy cashflowing NNN properties where they were able to more than double their annual income.
Contact the Team
Samuel R. Finkler
Vice President, Investment Sales
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