Michael Hunt Acquires 18-Unit MultiFamily In Park Slope, Brooklyn For $9.2M

An 18-unit multifamily property located at 211 8th Avenue in Park Slope, Brooklyn has been sold for $9,200,000. The property, in complete turn-key condition, consists of 17 occupied gut-renovated apartments and 1 rent-controlled unit. With a total area of 10,444 square feet, the property offers an average price per square foot of $880. The sale was facilitated by the DNK Team from Corcoran, with the assistance of Anand Melwani from ARM Real Estate Group LLC.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $9,200,000
• Address: 211 8th Avenue, Park Slope, Brooklyn
• Market: Park Slope, Brooklyn
• Buyer: Michael Hunt
• Buyer's Representative: Anand Melwani - ARM Real Estate Group LLC
• Seller's Representatives: Daniel Kandinov & Natalia Kaminskaya - Corcoran, The DNK Team
• Units: 18
• Price per Unit: $511,111
• Square Footage: 10,444
• Price per Square Foot: $880

The DNK Team, responsible for renting the units at top-tier rents over the past 5 years, successfully facilitated the sale of this landmark property. Anand Melwani from ARM Real Estate Group LLC played a significant role in the transaction, representing the buyer, Michael Hunt.