HUBB NYC Acquires Multifamily Asset In Park Slope, Brooklyn For $40M

A multifamily property located at 223 4th Ave. in Park Slope, Brooklyn has been sold for $40,000,000. The property consists of 63 units with an average price per unit of $634,920. The total square footage of the property is 48,256, resulting in an average price per square foot of $828.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $40,000,000
• Address: 223 4th Ave.
• Market: Park Slope, Brooklyn

The buyer of the property is HUBB NYC, represented by Jonny McCarthy and Jesse Terry. The seller is Greystone Development. The deal was facilitated by Daniel O'Brien, Adam Spies, Adam Doneger, and Avery Silverstein from Cushman & Wakefield.