701 Ralph Ave

Sutter Houses LLC, operating from Truman Management, acquired three residential walk-up buildings in Brownsville, Brooklyn, totaling 124 units, for $14.7 million. The properties, located at 701 Ralph Avenue, 29 Sutter Avenue, and 32 Sutter Avenue, offer 98,000 square feet of built space. The sale price per built square foot is $150. While it’s unclear who the beneficial owner-seller is, these properties were previously owned by Michael Weiss and Charles Perez.