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

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.