Andy Lee Acquires Multifamily Building In Carroll Gardens, Brooklyn For $4M

Andy Lee has acquired a four-unit building located at 328 Degraw Street in Carroll Gardens, Brooklyn. The property, which has a total of 4,000 square feet of gross floor area and is situated on a 2,800 square foot lot, was sold for a total of $4,000,000. This translates to a price per unit of $1,000,000, a price per square foot of $1,429, and a price per square foot of gross floor area of $1,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,000,000
• Units: 4
• Price per Unit: $1,000,000
• Gross Floor Area: 4,000 square feet
• Price per Square Foot (PPSF): $1,429
• Lot Area: 2,800 square feet

Mathew P. Angelone and Paul Angelone were the sellers of the property. The transaction was finalized on May 24, 2023.