$6,650,000

2075 East 16th Street, Homecrest, Brooklyn

The transaction

Forty-six units on East 16th Street in Homecrest, a brick building running deep along the block a short walk from the Avenue U station. At this size the buyer list is short and the diligence is long: forty-six sets of leases, forty-six unit conditions, and a rent roll that has to survive a lender's underwriting before anyone gets to a closing table. Closed at $6,650,000 in June 2024.

Deal facts