Rick Gropper Acquires Multifamily Asset At 2864-2886 Atlantic Avenue In Brooklyn For $72M

The property involved in this transaction is a multifamily asset located at 2864-2886 Atlantic Avenue in Brooklyn, featuring 180 units. The total sale price for the property was $72,000,000, with a price per unit of $400,000. The total square footage of the asset is 127,821, resulting in a price per square foot of $563.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $72,000,000
• Units: 180
• Price Per Unit: $400,000
• Square Feet: 127,821
• Price Per Square Foot: $563
• Buyer: Rick Gropper
• Seller: Jacob Kohn
• Brokers: Scott Dweck - Latitude Property Group, Aaron Jungreis, Alex Fuchs & Ben Khakshoor - Rosewood Realty Group

The transaction highlights the involvement of key individuals, with Rick Gropper acting as the buyer and Jacob Kohn as the seller. The brokers facilitating the transaction include Scott Dweck representing Latitude Property Group, alongside Aaron Jungreis, Alex Fuchs, and Ben Khakshoor from Rosewood Realty Group.