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NEW YORK CITY — Madison Realty Capital (MRC) has completed the disposition of a multifamily property located at 265-267 S. Second St. in Brooklyn’s Williamsburg neighborhood. An undisclosed buyer acquired the asset for $22.4 million. The six-story, 22,800-square-foot building features 35 apartment units. MRC originally acquired the property in 2013 for $9.7 million and implemented a renovation and repositioning plan aimed to add significant value to the asset. The renovations included new kitchens, updated bathrooms, recessed lighting and hardwood floors, as well as open-air terraces and ground-floor outdoor spaces for select units.