Derby Copeland Capital Acquires Multifamily Property In Brooklyn Heights For $4.95M

Located in the sought-after Brooklyn Heights neighborhood, a predominantly free market Tax Class 2B asset has been sold at 268 Henry Street. The multifamily building, situated between Joralemon Street and State Street, offers a total of 10 units spread across approximately 6,000 square feet of space. The sale price for this property was $4,950,000, resulting in a price per unit of $495,000. With a price per square foot of $825, this transaction highlights the value of the property in the Brooklyn Heights market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,950,000
• Address: 268 Henry Street
• Market: Brooklyn Heights

The buyer of 268 Henry Street is Derby Copeland Capital, while Sugar Hill Capital Partners acted as the seller. Facilitating the transaction were Adam J. Hess and Edward Setton from Meridian Capital Group, who represented the parties involved. This marks the third successful multifamily sale for TeamHessBk in the Brooklyn Heights area, where sales of multifamily buildings are infrequent. For further information or similar opportunities in the Brooklyn market, interested parties may contact Adam or Eddie at [email protected] or [email protected].