Sunset Park Three-Building Package Sells for $12M [Updated]
Three contiguous apartment buildings in Sunset Park, Brooklyn, have sold for $12 million, in a deal that closed May 6 and was recorded with the city today.
Black Spruce Properties sold the buildings, at 199-205 30th Street, to a private investor, according to Aaron Jungreis of Rosewood Realty Group, who represented the seller in the transaction. Samuel Kooris of Rosewood represented the buyer.
The three, four-story 1917-built walk-up apartment buildings are comprised of 66 apartments and 43,308 square feet.
Black Spruce “bought it a year and a half ago and wanted to take advantage of the rising market,” Mr. Jungreis said through a spokesperson. The “buyer thought there was a lot of upside and the area was on the upswing so he wanted to take advantage of the emerging neighborhood.”
Update: This story was edited to include a comment from Aaron Jungreis.