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Brooklyn Syndicator Pays

Highest PSF on Prime Manhattan Avenue

880 Manhattan Avenue

Greenpoint

| $3,275,000 - SOLD

Utilizing our market specialization, we brought one of the most competitive Brooklyn syndicators who has purchased 61 buildings since 2017 – 5 of those assets on Manhattan Avenue. With 44- year ownership, the seller lived on Long Island and wanted to diversify into medical office space nearby for his retirement. The residential leases were month to month and the asset was delivered vacant. This was a record- breaking price per foot on Manhattan Avenue in the last 18 months of sales.

Deal Highlights

• 20 apartments

• Two adjacent buildings

• 43’ feet of frontage

• 14,735 SF