Ariel Property Advisors Acquires Multifamily Property In Park Slope, Brooklyn For $5.5M

A multifamily property located at 311 6th Avenue in Park Slope, Brooklyn has been sold. The transaction took place on August 25, 2022. The property, consisting of 8 units, was sold for a total price of $5,500,000. With a price per unit of $687,500, the property offers an opportunity for profitable investment. Spanning across 6,580 square feet, the property is valued at $836 per square foot.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,500,000
• Address: 311 6th Avenue, Park Slope, Brooklyn
• Market: Park Slope, Brooklyn
• Units: 8
• Price per Unit: $687,500
• Square Footage: 6,580
• Price per Square Foot: $836

Ariel Property Advisors represented the sellers, Benjamin Vago Esq., Sean R. Kelly Esq., and Stephen Vorvolakos, in this transaction. Their expertise and guidance proved instrumental in ensuring a successful sale. The involvement of Ariel Property Advisors showcases their commitment to facilitating real estate transactions and their ability to connect buyers and sellers in lucrative deals.