The Striano Estate Sells Multifamily Property In Park Slope For $1.1M With Cushman & Wakefield Representation

The property involved in this transaction is a multifamily asset located at 397 4th Avenue in the Park Slope market. It features a total square footage of 4,456 and includes 6 units, with 66% of them stabilized. The sale price for the property was $1,100,000, resulting in a price per square foot of $246 and a price per unit of $183,333.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,100,000
• Address: 397 4th Avenue
• Market: Park Slope
• Tax Class: 2A
• Square Footage: 4,456
• Price per Square Foot: $246
• Units: 6
• Percentage of Stabilized Units: 66%
• Price per Unit: $183,333
• Seller: The Striano Estate
• Seller’s Representative: Dan O’Brien, Caroline Hodes, Casey Begoon - Cushman & Wakefield

The deal was coordinated by the representatives from Cushman & Wakefield, specifically Dan O’Brien, Caroline Hodes, and Casey Begoon, who acted on behalf of the seller, Jerry Striano from The Striano Estate. This transaction highlights the involvement of experienced brokers in navigating the multifamily property market in Park Slope.