Camber Property Group Acquires Mixed-Use Property In Brooklyn For $107.5M

A mixed-use property located at 579 Blake Avenue in Brooklyn has been sold in a recent transaction. The property, spanning 153,300 square feet, was sold by Omni New York, represented by Eugene Schneur and Maurice "Mo" Vaughn. The buyer, Camber Property Group, was represented by Rick Gropper and Andrew Moelis. The sale price for the property was $107,500,000, resulting in a price per square foot of $701. The property consists of 261 units, with an average price per unit of $411,877.

Summary of transation details

• Property Type: Mixed-use
• Transaction Amount: $107,500,000
• Address: 579 Blake Avenue
• Market: Brooklyn
• Square Footage: 153,300
• Buyer: Camber Property Group - Rick Gropper & Andrew Moelis
• Seller: Omni New York - Eugene Schneur & Maurice "Mo" Vaughn
• Price per Square Foot: $701
• Units: 261
• Price per Unit: $411,877

The deal was facilitated by Rick Gropper and Andrew Moelis from Camber Property Group, who successfully represented the buyer. On the other side of the transaction, Eugene Schneur and Maurice "Mo" Vaughn, representing Omni New York, played a crucial role as the sellers' representatives.