1775 E 18th Street & 140 Ocean Parkway

  • $46,000,000
Featured Past Transactions Sold
140, Ocean Parkway, Brooklyn, Kings County, City of New York, New York, 11218, United States
Featured Past Transactions Sold
140, Ocean Parkway, Brooklyn, Kings County, City of New York, New York, 11218, United States
  • $46,000,000
  • Multifamily
  • Property Type
  • 6
  • Stories
  • 150
  • Residential Units
  • 2
  • Number of Buildings
  • 1941
  • Year Built

Description

Samuel Finkler 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 Cash flowing NNN properties where they were able to more than double their annual income.

Details

  • Price: $46,000,000
  • Year Built: 1941
  • Property Type: Multifamily
  • Property Status: Featured, Past Transactions, Sold
  • Stories: 6
  • Residential Units: 150
  • Number of Buildings: 2
  • City Brooklyn
  • State/County New York
  • Neighborhood/Area Madison

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Samuel R. Finkler
  • Samuel R. Finkler