Hangfei Lin Purchases Mixed-Use Building At 474 Fifth Avenue From Howard Eiferman For $3,944,738

This mixed-use property, located at 474 Fifth Avenue in the Park Slope market, sold for a transaction amount of $3,944,738. The asset comprises 3 units with a total square footage of 3,655, resulting in a price per unit of $1,314,913 and a price per square foot of $1,079.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $3,944,738
• Buyer: Hangfei Lin
• Seller: Howard Eiferman
• Brokers: Shaun Riney, Andrew Bronsteen & Ariel Asherian - Marcus & Millichap
• Units: 3
• Price per Unit: $1,314,913
• Square Footage: 3,655
• Price per Square Foot: $1,079

This transaction marks the second time a 3-unit mixed-use building in Park Slope has been sold for over $1,100 per square foot within the past year, highlighting a trend in the market for premier products in excellent submarkets. For further analysis on similar properties, inquiries can be directed to Andrew Bronsteen at Marcus & Millichap.