The Abeco Organization Acquires Mixed-Use Property In Ft. Greene, Brooklyn For $4M

The property at 36 St. Felix Street in Ft. Greene, Brooklyn was recently sold in a transaction. It is a mixed-use property comprising of 5 apartments and 1 commercial space. The sale took place on 08/15/2023, with a sale price of $4,000,000. The total square footage of the property is 7,600, resulting in a price per square foot of $526. Furthermore, the property consists of 6 units, with an average price per unit of $666,667. The cap rate for the transaction is 6.2%.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $4,000,000
• Square Footage: 7,600
• Price per Square Foot: $526
• Number of Units: 6
• Price per Unit: $666,667
• Cap Rate: 6.2%

The buyer of the property is The Abeco Organization, represented by Abe Betesh. The deal was facilitated by Adam J Hess and Edward Setton of the Meridian Capital Group.