$10,600,000

1270 East 18th Street, Midwood, Brooklyn

The transaction

Sixty-five units on East 18th Street in Midwood, six stories of pre-war brick with the fire escapes running down the front and a second wing running back along the block. At $10,600,000 it is the third-largest closing in the record, behind only the two Avenue H buildings, and at that size the buyer pool narrows to the handful of operators who can carry a building through diligence and financing without the deal wobbling. Closed at $10,600,000 in June 2022.

Deal facts