Heights Advisors Acquires Multifamily Property In Brooklyn Heights For $3.25M

Located at 175 Clinton St. in the Brooklyn Heights neighborhood of Brooklyn, this multifamily property has recently been sold in a closed transaction. The sale took place on April 14, 2021, with Heights Advisors acquiring the property from The Korbel Estate. The building consists of 5 units, with each unit priced at $650,000, resulting in a total sale price of $3,250,000. The property spans a total of 5,100 square feet, with a price per square foot of $637. The transaction was facilitated by brokers Sean R. Kelly, Esq., Jiani Zhou, and David Khukhashvili from ArielPA.NYC. It is worth noting that the building was sold as-is, and the existing tenants were included in the sale.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,250,000
• Units: 5
• Price per Unit: $650,000
• Total Square Footage: 5,100
• Price per Square Foot: $637
• Buyer: Heights Advisors
• Seller: The Korbel Estate
• Brokers: Sean R. Kelly, Esq., Jiani Zhou, and David Khukhashvili from ArielPA.NYC

This successful transaction was made possible by the collaborative efforts of all involved parties, including Heights Advisors as the buyer and The Korbel Estate as the seller. The brokers who facilitated the deal were Sean R. Kelly, Esq., Jiani Zhou, and David Khukhashvili representing ArielPA.NYC. With this transaction, both the buyer and the seller were able to accomplish their respective goals, resulting in a mutually beneficial deal.