Neue Urban Acquires 8-Unit Multifamily In Brooklyn For $3.85M

Neue Urban, represented by Zach Ehrlich, has acquired a multifamily property located at 10 Clermont Avenue in Brooklyn. The property was sold by Oren Hakim for a total price of $3,850,000. The transaction took place on July 31, 2023. The property consists of 8 units, with an average price per unit of $481,250. The total square footage of the property is 5,240, resulting in a price per square foot of $735.

Summary of Transaction Details:

• Property Type: Multifamily
• Transaction Amount: $3,850,000
• Address: 10 Clermont Avenue, Brooklyn
• Market: Brooklyn
• Buyer: Neue Urban - Zach Ehrlich
• Seller: Oren Hakim
• Brokers: Adam Traub & Jacob Stavsky - Stav Equities
• Units: 8
• Price Per Unit: $481,250
• Square Footage: 5,240
• Price Per Square Foot: $735

The acquisition was facilitated by Adam Traub and Jacob Stavsky from Stav Equities. They played a pivotal role as brokers in the transaction, ensuring a smooth and successful deal between Neue Urban and Oren Hakim.