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Brooklyn Multifamily Portfolio Trades at $232,000 Per Unit

Landau RE Pays $60.3M for Bay Ridge, Midwood Assets
By Justin Sumner
CoStar News
October 31, 2014 | 7:23 P.M.

J. Halpern & Son sold a portfolio of four elevatored multifamily buildings totaling 260 units in the Bay Ridge and Midwood neighborhoods of Brooklyn, NY to Landau Real Estate for $60.3 million, or a record-setting $232,000 per unit. The assets traded at 15x rent roll.

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