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Brooklyn Multifamily Sells for $1.2M

Investor Purchases Property at 8.16% Cap Rate
By Christina Mckinnon
September 15, 2010 | 8:23 P.M.

A private investor acquired the apartment building at 675 Union St. in Brooklyn, NY, for $1.23 million, or about $153,000 per unit, with an 8.16% cap rate.

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News | Brooklyn Multifamily Sells for $1.2M