Fairstead Capital And Meadow Partners Acquire Multifamily Building In Brooklyn Navy Yard

The multifamily property located at 275 Park Avenue in Brooklyn Navy Yard has been sold for a total price of $67,250,000. The property spans 184,411 square feet, resulting in a price per square foot of $364. It consists of 123 units, with an average price per unit of $546,747.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $67,250,000
• Square Footage: 184,411
• Price per Square Foot: $364
• Number of Units: 123
• Price per Unit: $546,747

The sellers of the property were Brickman & HK Organization, while the buyers were Fairstead Capital and Meadow Partners. The deal was facilitated by brokers Paul Gillen, Daniel Parker, Kyle van Buitenen, and Ariel Tambor.