Firebird Grove Sells Multifamily Asset At 303 Bedford Avenue Williamsburg For $4.8M

The property involved in this transaction is a multifamily asset located at 303 Bedford Avenue, Williamsburg, Brooklyn. The transaction was closed at a price of $4,800,000, encompassing three units within a total square footage of 2,885. The price per unit was calculated to be $1,600,000, with a price per square foot of $1,663.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,800,000
• Units: 3
• Square Footage: 2,885
• Price per Unit: $1,600,000
• Price per Square Foot: $1,663
• Cap Rate: 5.85%
• Seller: Firebird Grove
• Broker Representatives: Shaun Riney & Michael Salvatico - Marcus & Millichap

Key individuals involved in the transaction include Shaun Riney and Michael Salvatico serving as the brokers, while Jake Kahn of Dansker Capital Group arranged the financing. Lee Edelson provided legal counsel as the sellers' attorney.