AMAC Holdings Acquires Mixed-Use Property In Fort Greene, Brooklyn For $2.85M

The mixed-use property located at 368 Myrtle Avenue in Fort Greene, Brooklyn has been sold in a recent closed transaction. The property, which encompasses both residential and commercial spaces, was purchased for a total price of $2,850,000. The transaction took place on July 27, 2018.

Summary of transaction details:

• Property Type: Mixed-Use
• Transaction Amount: $2,850,000
• Address: 368 Myrtle Avenue, Brooklyn
• Neighborhood: Fort Greene
• City: New York

AMAC Holdings, represented by Ivan and Maurice Kaufman, served as the buyer in this transaction. The seller of the property was Edward Vays. The deal was facilitated by brokers from TerraCRG, specifically Adam Hess and others.

The price per square foot for this transaction was calculated to be $713/sqft. Additionally, the property boasted a cap rate of 5.2%.