Reverence Capital Partners Acquires Prospect Lefferts Gardens Multifamily For $20.8M

The property sold is a multifamily asset located at 1930 Bedford Avenue in the Prospect Lefferts Gardens market. The sale was completed for a total price of $20,800,000, encompassing 48,900 square feet, which results in a price per square foot of approximately $425.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $20,800,000
• Address: 1930 Bedford Avenue
• Market: Prospect Lefferts Gardens
• Square Footage: 48,900
• Price per Square Foot: $425
• Buyer: Reverence Capital Partners
• Seller: Flagstar
• Brokers: Daniel O'Brien, Maurice Suede, Caroline Hodes & Joshua King - Newmark

Key individuals involved in the transaction include the buyer, Reverence Capital Partners, and the seller, Flagstar. The brokerage team representing the transaction consists of Daniel O'Brien, Maurice Suede, Caroline Hodes, and Joshua King from Newmark, facilitating the deal effectively.