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@HUBBNYC Acquires Multifamily Property In Brooklyn's Williamsburg For $83.8M

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SOLD
$83,764,000

New York

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MultiFamily126,366 SF
Sold 03/26/2020
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SOLD

@HUBBNYC Acquires Multifamily Property In Brooklyn's Williamsburg For $83.8M

123 Hope St, Brooklyn, NY 11211, USA

See Similar Deals
MultiFamily126,366 SF
Sold 03/26/2020
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$662
Total Square Footage:126,366 SF
Transaction Type:Sale

A multifamily property located at 123 Hope Street in Brooklyn's Williamsburg neighborhood has been sold in a closed transaction. The property encompasses a total area of 126,366 square feet, with 11,200 square feet dedicated to retail space. The sale price for this transaction was $83,764,000, resulting in a price per square foot of $662. The property consists of 136 units, with an average price per unit of $615,911. The asset was purchased by @HUBBNYC from the seller, Adam America. The broker representing the deal was David Ash.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $83,764,000
  • Address: 123 Hope Street
  • Market: Brooklyn, Williamsburg
  • Square Footage: 126,366 (11,200 Retail)
  • Price per Square Foot: $662
  • Units: 136
  • Price per Unit: $615,911
  • Seller: Adam America
  • Buyer: @HUBBNYC

The individuals involved in this deal include Omri Sachs, Johnny McCarthy, David E. Ash, Jesse Terry, and Dvir Cohen Hoshen. They played key roles in facilitating the transaction as representatives from various organizations.

Players

David Ash
6 deals$1.3B volume(917) 579-6792
BROKER

Prince Realty Advisors
BROKERAGE



12 deals$289.6M volume
SELLER

Details

SOLD
IMAGE: Omri Sachs, Johnny McCarthy, David E. Ash, Jesse Terry, Dvir Cohen Hoshen DATE: 03/26/2020 ADDRESS: 123 Hope Street MARKET: Brooklyn, Williamsburg ASSET TYPE: Multifamily SALE PRICE: $83,764,000 SF: 126,366 (11,200 Retail) PPSF: $662 UNITS: 136 PPU: $615,911 SELLER: Adam America BUYER: @HUBBNYC BROKER: David Ash (@TheDavidAsh)

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