97 Grand Ave

Witnick Real Estate Partners purchased a 62-unit rental building in Clinton Hill, Brooklyn, from Madison Realty Capital for $27.5 million. The property, located at 97 Grand Avenue and 96 Steuben Street, spans 60,210 square feet across seven stories. The sale, facilitated by Alpha Realty, closed on March 14, 2024, with Arbor Realty Trust providing an $18.29 million loan, later assigned to Fannie Mae. Madison Realty Capital had acquired the property in 2017 from previous owners Chaim Miller and Sam Sprei.