East Group Capital Acquires Multifamily Property In Brooklyn For $1.35M | 1656 Dekalb Avenue | Jonathan Berman, Daniel Tropp | MultiFamily | Sale

Summary

Sale

NEW YORK

MultiFamily

51,750 sqft

The multifamily property located at 1656 Dekalb Avenue in Brooklyn has been sold in a closed transaction. The property spans a total of 5,175 square feet and was listed with an asking price of $1,500,000. The final sale price for the property was $1,350,000, resulting in a price per square foot of $260.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $1,350,000
Address: 1656 Dekalb Avenue, Brooklyn
Square Footage: 5,175
Market: Brooklyn

The sellers of the property were identified as Michael Siegel and Michael Sternberg. The buyer in this transaction was East Group Capital. Representing the seller was Daniel Tropp, while the buyer was represented by Jonathan Berman from Ariel Property Advisors.

Players

All
4

Agents
2
Agencies
2

$12.7M Sold

$5.7M Sold

AEBOV Industrial Real Estate Brokerage

Ariel Property Advisors

Details

Deal Summary

SOLD

IMAGE: Ofir Badash and Itay Gamlieli DATE: 05/31/2019 ADDRESS: 1656 Dekalb Avenue MARKET: Brooklyn ASSET TYPE: Multifamily ASKING PRICE: $1,500,000 SALE PRICE: $1,350,000 SF: 5,175 PPSF: $260 SELLER: Michael Siegel, Michael Sternberg BUYER: East Group Capital BROKER: Daniel Tropp BROKER: Jonathan Berman @arielpa.nyc

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Address1656 Dekalb Avenue

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