Deal sheet    Single Deal
251-255 Bay Ridge Parkway|Sales|01/31/2017
  • Event Sales
  • Address 251-255 Bay Ridge Parkway
  • Square feet 6,225
  • Price $ 3,385,000
  • Price per foot $ 543.77
  • Borough Brooklyn
  • Neighborhood Bay Ridge
  • Publication Date 05/01/2017
  • Deal Date 01/31/2017
  • Party 1 Suite 18 Properties
  • Party 1 Brokerage Marcus & Millichap
  • Party 1 Broker John Brennan and Pete Morgan
  • Party 2 Hobgood Family Limited Partnership
  • Party 2 Brokerage Marcus & Millichap
  • Party 2 Broker John Brennan and Pete Morgan
notes
The 12-unit multifamily building in Bay Ridge sold for $3.4 million, more than 16 times the rent roll and a 3.91% cap rate.
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