Hammontree Family Acquires Multifamily Property In Brooklyn Heights For $4.2M

Located in Brooklyn Heights, the multifamily property at 40 Garden Place has been sold in a recent transaction. The property spans across 4,792 square feet and consists of three units. The sale price for this asset was $4,200,000, with a price per unit of $1,400,000 and a price per square foot of $876.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,200,000
• Units: 3
• Price per Unit: $1,400,000
• Square Footage: 4,792
• Price per Square Foot: $876

The Hammontree Family emerged as the buyer in this deal, while the Harry C Waller Living Trust sold the property. Representing the transaction were the brokers from Investment Property Realty Group (IPRG), namely Derek Bestreich, Luke Sproviero, Adam Lobel, and Toby Waring.