Light Grove Capital Acquires Multifamily Property In Brooklyn For $3.35M

Located at 18 Orient Avenue in Brooklyn, this multifamily property was recently sold in a closed transaction. The property encompasses 2,800 square feet and consists of 3 units. The sale price for this property was $3,350,000, averaging to a price per unit of $1,116,667. The price per square foot equates to $1,196.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,350,000
• Address: 18 Orient Avenue
• Market: Brooklyn

Light Grove Capital, represented by Mike Pitman, acquired the property from Karl Larocca. The sales transaction was facilitated by Yuval Vidal from Compass. This deal showcases the involvement of key individuals and companies in the real estate market of Brooklyn.