Four Brooklyn Multifamily Buildings Sell for $24M
By Larry Getlen July 14, 2025 1:00 pm
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An Argentinian firm has paid $24.2 million to purchase four multifamily properties — three walk-ups and one elevator-equipped building — in East Williamsburg, Brooklyn.
Urbana Partners of Buenos Aires paid the sum to Tryline Capital Management in two separate transactions, according to PincusCo, which first reported the deal.
Urbana paid $12.23 million to Tryline for three separate but adjoining eight-unit walkup buildings at 64, 66 and 68 Maspeth Avenue, which have a total of 22,500 square feet of buildable space. Tryline had purchased the properties from Naftali Group in January 2022 for $15.7 million.
Urbana also paid Tryline $11.98 million for the 28,430-square-foot, 21-unit residential elevator building across the street at 65 Maspeth Avenue, which Tryline had purchased in January 2022 from Naftali Group for $15.4 million, according to PincusCo.
As of 2024, one-bedroom apartments at 64 Maspeth Avenue were renting for $3,490 a month, according to StreetEasy, while one-bedrooms at 65 Maspeth Avenue ranged from $3,999 to $4,053. A two-bedroom at 65 Maspeth was asking $4,300 a month for rent earlier this year.
It is unclear who brokered the deal. Urbana Partners and Tryline Capital Management could not be reached for comment.
Larry Getlen can be reached at lgetlen@commercialobserver.com.
