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1775 E 18th Street & 140 Ocean Parkway

$

46,000,000



Brooklyn, NY



Multifamily



1941

Vintage



SF



150

Units



Acres



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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.

Property Information



Units:

150



Year Built:

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Square Feed:

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Occupancy:

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Year Renovation:

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Acres:

Investment Highlights

Contact the Team

Samuel R. Finkler

Senior Vice President, Investment Sales

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