Meridian Properties Acquires 16-Unit Multifamily In Prospect Lefferts Gardens For $2.5M

The multifamily property located at 177 Lenox Road in Prospect Lefferts Gardens was recently sold for a total of $2,500,000. The property spans across 19,200 square feet, resulting in a price per square foot of $130. This multifamily asset consists of 16 units in total, with an average price per unit of $156,250.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $2,500,000
• Square Footage: 19,200
• Price per Square Foot: $130
• Number of Units: 16
• Price per Unit: $156,250

The seller of the property was Samuel Gay, while the buyer was Meridian Properties represented by Mike Niamonitakis. The deal was facilitated by Erik Rodriguez of Rodriguez Commercial Realty (@rcr_ny).