$8M Multifamily Sale In Park Slope By Adam J. Hess & Edward Setton At Meridian Capital Group

The multifamily property located at 256 & 258 6th Ave in Park Slope has recently been sold. The transaction took place on 08/05/2021 and was facilitated by Adam J. Hess and Edward Setton of Meridian Capital Group. This property falls under the tax class 2A and consists of 11 units with a total square footage of 14,663. The sale price for this property was $8,000,000, resulting in a price per square foot of $545. The price per unit was calculated to be $727,272. The capitalization rate for this transaction is 5%.

Summary of Transaction Details:

• Property Type: Multifamily
• Transaction Amount: $8,000,000
• Address: 256 & 258 6th Ave
• Market: Park Slope
• Tax Class: 2A
• Square Footage: 14,663
• Units: 11
• Price per Square Foot: $545
• Price per Unit: $727,272
• Capitalization Rate: 5%

The deal was successfully closed with the assistance of Adam J. Hess and Edward Setton from Meridian Capital Group who represented the parties involved in this transaction.