Shaun Riney - New York Multifamily

08/07/2026

Award winner for preservation sold in Clinton Hill ... at $890/foot with this kind of custom there is intrinsic value. Congrats to the buyer for spotting it. If you are a collector of quality > small cap rate differences make contact for the good stuff at 718-475-4369 or my partner Andrew Bronsteen

ADDRESS: 39 Clifton Place
MARKET: Brooklyn
ASSET TYPE: Mixed-use

SALE PRICE: $4,450,000
SF: 5,000 ~ PPSF: $890

07/27/2026

We are happy to announce the $16,400,000 closing of 235-237 Kent Avenue in Williamsburg. Here are some of the stats.
· Sold for $16,400,000 or $1208/SF
· 2 Retail and 11 Free-Market Apartments
· Protected Tax Class Adjacent Buildings
· Roughly a 6% Cap Rate
· Previous sale price $12,300,000 in 2021 (Riney/Salvatico also did this sale)
· 1031x Purchaser from Manhattan
· Williamsburg Waterfront Sub-Market
This sale is testament to the ever-appreciating Williamsburg submarket and securing win-win results for buyer/seller. Having sold this once before in 2021, we were able to complete a successful “round trip” for the seller at a substantial profit. The buyer was able to relocate equity into a higher cap rate offering than what they had sold. We believe strongly this pocket will see continued appreciation on rents/value.

To understand this trade and review the offering memo – please request.

Shaun Riney - 718-475-4369
Mike Salvatico - 718-475-4358

07/27/2026

54 Franklin Street @ "the gateway to Greenpoint" - commercial asset with frontage on three sides. 8,000 above grade with 4,000 additional usable basement. We have sold a dozen properties within this quarter mile radius and control significant inventory - arguably the most explosive pocket for growth in all of NYC. For similar deals in the very immediate area reach out at 718-475-4369 or [email protected]

Mike Salvatico Harrison Rich

07/20/2026

518 Fort Washington Avenue. Really good location. 48 units. 4.14x GRM with some work needed. Many vacant apartments. To see similar offerings make contact at [email protected] or 718-475-4369

07/15/2026

ADDRESS: 102 Pierrepont Street
MARKET: Brooklyn
ASSET TYPE: Multifamily

BUYER: Todd Rose
SELLER: Meyer Jeger
BROKERS: Shaun Riney , Michael Salvatico & Will Carbonari - Marcus & Millichap

SALE PRICE: $4,515,000
SF: 7,530 ~ PPSF: $599

NOTE FROM BROKER: Contact deal team for similar opportunities! Special thanks to Michael Mishaan and Joseph Cohen for their respective work as seller and buyer counsel. And congratulations to the buyer for completing a 14-year pursuit of this property having toured and bid on it when it last sold in 2012 for $3,000,000.

07/01/2026

$42,000 per unit after $1.75m cell site sell off. 70 unit elevator building in Queens. Substantial amount of zombie apartments that will be left vacant. When will the madness end ...

I share this to demonstrate we can sell almost anything if you have a problem to solve, but no one benefits when the buildings get this close to worthless. No one. The entire tax system of nyc that pays for our social welfare state relies on these buildings being able to pay the enormous property taxes they can no longer pay. Buildings are selling for this type of price per unit because only half the building can even be rented at all.

06/19/2026

$218 a foot - Clinton Hill / Fort Greene border - roughly 50/50 FM/RS hybrid. Mid 6 Cap with a big upside story down the road. Duel elevator. Make contact at [email protected] to learn more about the trade, or buy/sell a similar asset.

06/15/2026

06/15/2026

Make contact to understand the trade or buy/sell similar at 718-475-4369

06/14/2026

Another MTK-Tri in the books with a time of 2:41 - congrats to my wife for being #1 in her age bracket and 14th overall all females (v fast swimmer). 🇺🇸🇺🇸💪💪