Meridian Properties Acquires Multifamily Asset In Prospect Park South, Brooklyn From The Stern Family

The multifamily property located at 36 Crooke Avenue in Prospect Park South, Brooklyn was recently sold. The property consists of 71 units with a total square footage of 51,582. The sale price for this transaction was $7,400,000, resulting in a price per unit of $104,225 and a price per square foot of $143.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,400,000
• Address: 36 Crooke Avenue
• Market: Prospect Park South, Brooklyn
• Buyer: Meridian Properties - Mike Niamonitakis & Mike Neamonitakis
• Seller: The Stern Family
• Brokers: Dan Greenblatt, Shaun Riney & Zalman Yarmush - Marcus & Millichap
• Units: 71
• Price per Unit: $104,225
• Square Footage: 51,582
• Price per Square Foot: $143

Leading the transaction were brokers Dan Greenblatt, Shaun Riney, and Zalman Yarmush from Marcus & Millichap. They facilitated the deal between the buyer, Meridian Properties represented by Mike Niamonitakis and Mike Neamonitakis, and the seller, The Stern Family.