East Group Capital Sells Multifamily Property In Bedford–Stuyvesant, Brooklyn For $2.35M

341 Tompkins Avenue, located in Bedford–Stuyvesant, Brooklyn, is a multifamily property that was recently sold for $2,350,000. The property consists of 3 units with a price per unit (PPU) of $783,333. The total square footage of the property is 4,649, resulting in a price per square foot (PPSF) of $505. This prime investment property offers a solid 6% CAP rate, making it a valuable asset in the Brooklyn market.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $2,350,000
• Units: 3
• Price Per Unit (PPU): $783,333
• Square Footage: 4,649
• Price Per Square Foot (PPSF): $505
• Market: Bedford–Stuyvesant, Brooklyn

The sale of 341 Tompkins Avenue was facilitated by Esther Gorodezky and Zarko Kozlina, brokers from Avenues Real Estate, representing the seller, East Group Capital. The successful transaction was completed on behalf of Ofir Badash and Itay Gamlieli. This investment property presents a unique opportunity for growth and income, and the buyer recognized its potential, acquiring it as a Turn-Key Investment at a 6% CAP rate. The Avenues team is thrilled about this accomplishment and invites interested parties to explore their other investment opportunity at 1194 Greene Ave in Brooklyn, offering a 6.2% CAP rate.