Embassy Equities Acquires Multifamily Property In Park Slope, Brooklyn For $5.2M

The multifamily property located at 340 14th Street in Park Slope, Brooklyn was recently sold for a total of $5,200,000. The transaction took place on October 21, 2020. The property spans over 8,856 square feet with a price per square foot of $587. It consists of 8 units, with each unit being sold at an average price of $650,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $5,200,000
• Square Footage: 8,856 SF
• Price per Square Foot: $587
• Units: 8
• Price per Unit: $650,000

Embassy Equities, represented by George Niblock from Friedman Roth, acted as the buyer in the transaction. The seller of the property was Sugar Hill Capital Partners. Gil Avni, also from Friedman Roth, represented the seller. The transaction marks a significant transaction in the Park Slope, Brooklyn market.