Brooklyn’s Renaissance Realty unloads $34M multifamily portfolio

Brooklyn landlord Renaissance Realty Associates sold a trio of apartment buildings in East Flatbush and Bedford Stuyvesant for $34 million. The Nassau County-based firm sold the 50-unit 428 East 46th Street and the 39-unit 202 East 91st Street to investor Lav Bauta for $18.71 million, property records show. The buildings span 95,480 square feet, bringing the purchase price to nearly $196 per square foot. Marcus and Millichap’s Matt Fotis, Matt Shapiro and Tyler Workman brokered […]

from The Real Deal New York