For $46 Million, Three-Property Brooklyn Multifamily Portfolio Changes Families

The Hertz Family has acquired three multifamily properties totaling 145 rent-stabilized units in Brooklyn, NY for $46 million, or about $317,000 per unit, from the Jeremias family, which has owned the assets for several decades.

The portfolio includes two properties in the Kensington & Parkville submarket, including 320-328 Ocean Pky – built in 1929 and comprising 50,178 square feet; and 420 Avenue F – which spans 62,370 square feet and was built…