Compass Represents Sale Of Park Slope Multifamily Building On 8th Avenue

The multifamily property located at 18 8th Avenue in Park Slope has been sold. The transaction took place on February 26, 2021. The property was sold by The Estate of Joseph Ferris. The buyer remains undisclosed. The sale was facilitated by the buyer's representative, Ian Mednick from Compass, and the seller's representatives, Scott Klein from TheScottKleinTeam and Paul Hyun from YourAgentPaul, both also from Compass. The asking price for the property was $3,998,000, and it was ultimately sold for $3,375,000. The property spans 5,750 square feet, resulting in a price per square foot of $586.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,375,000
• Date: February 26, 2021
• Address: 18 8th Avenue
• Market: Park Slope

The buyer of the property has chosen to remain anonymous. The sale was completed with the assistance of Ian Mednick from Compass acting as the buyer's representative. On the seller's side, Scott Klein and Paul Hyun, both from Compass, represented The Estate of Joseph Ferris in the transaction. The property attracted an asking price of $3,998,000 but was ultimately sold for $3,375,000, reflecting a price per square foot of $586.