Ariel Development Group Sells MultiFamily Property At 269 Eckford Street For $13.27M

The transaction involved a multi-family property located at 269 Eckford Street in Brooklyn. The property was sold for $13,270,000, encompassing 5 units with a price per unit of $2,654,000. The total square footage of the asset is 7,307, translating to a price per square foot of $1,816.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $13,270,000
• Units: 5
• Price Per Unit: $2,654,000
• Square Footage: 7,307
• Price Per Square Foot: $1,816
• Seller: Ariel Shalom - Ariel Development Group
• Broker: Nick Hovsepian - The Corcoran Group

The deal was represented by Nick Hovsepian from The Corcoran Group, who facilitated the sellout of the ground-up condominium. Ariel Development Group, led by Ariel Shalom, is actively looking for more residential development opportunities across New York City, seeking connections with brokers, lenders, equity partners, landowners, and joint venture partners for future projects.