81
NEW YORK CITY — Marcus & Millichap has arranged the $2.9 million sale of 54 Cumberland Street, an eight-unit apartment property located in Brooklyn. Matthew Fotis and Shaun Riney of Marcus & Millichap marketed the property on behalf of the seller, a private investor. Fotis and Adam Abuaf, also of Marcus & Millichap, represented the buyer, a private investor. The building sold for $500 per square foot in an all-cash transaction. Built in 1905 and renovated in 2006, the apartment building is located between Park and Flushing avenues in the Navy Yards section of Brooklyn. The property offers amenities such as on-site laundry, storage units and close access to public transportation.