NEW YORK CITY—GFI Realty Services has arranged the sale of a portfolio of four, six-story elevator multifamily properties consisting of 260 units in the Bay Ridge and Midwood neighborhoods of Brooklyn for over $60 million. The off-market transaction represents a record price for the area of $232,000 per unit, or more than 15 times the rent roll for the properties.

The four properties in the portfolio include 465-476 84th St. in Bay Ridge, 2566 Ocean Ave., 1745 E. 12th St., and 1811 Quentin Rd. in Midwood. The Brooklyn neighborhoods of Bay Ridge and Midwood are attracting more young professionals and families seeking affordable housing, notes GFI, as well as the area’s shopping, restaurants, outdoor spaces, and proximity to public transportation.

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