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Shamco Acquires Multifamily Property In Crown Heights, Brooklyn For $20.1M

Property Image
SOLD
Marcel Fridman
AS

New York

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MultiFamily57,720 SF
Sold 03/27/2018
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Property Image
SOLD

Shamco Acquires Multifamily Property In Crown Heights, Brooklyn For $20.1M

283 Albany Ave, Brooklyn, NY 11213, USA

See Similar Deals
MultiFamily57,720 SF
Sold 03/27/2018
Marcel Fridman
AS
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$0
Total Square Footage:57,720 SF
Transaction Type:Sale

A multifamily property located at 283 Albany Avenue in Crown Heights, Brooklyn, New York has been sold for $20,100,000. The property consists of 53 units, with an average price per unit of $379,245. The sale was closed with a capitalization rate of 4%.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $20,100,000
  • Units: 53
  • Price Per Unit: $379,245
  • Capitalization Rate: 4%
  • Address: 283 Albany Avenue, New York
  • Market: Crown Heights, Brooklyn

The seller of the property was Silvershore Properties, represented by Jason Silverstein and David Shorenstein. The buyer, Shamco, was represented by Alan Shamah. The deal was facilitated by Barcel Group.

Players

Marcel Fridman
Barcel Group
Marcel Fridman
141 deals$451.5M volume
BROKER
AS
Alan Shamah
3 deals$68M volume
BUYER

Details

SOLD
IMAGE: David Shorenstein (@Shoreshot1), Jason Silverstein (@GameTimeDecision), Marcel Fridman (@Mf_1629) and Alan Shamah DATE: 03/27/2018 ADDRESS: 283 Albany Avenue CITY: New York MARKET: Crown Heights, Brooklyn ASSET TYPE: Multifamily PRICE: $20,100,000 UNITS: 53 PPU: $379,245 CAP RATE: 4% SELLER: SilvershoreProperties – Jason Silverstein and David Shorenstein BUYER: Shamco – Alan Shamah BROKER: Barcel Group – […]

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