Chris Okada Sells Multifamily Property In Fort Greene For $2.18M With Seller's Rep Anand Melwani

The multifamily property located at 407 Adelphi Street in Fort Greene was recently sold for a price of $2,175,000. The property spans 3,520 square feet and has a price per square foot of $617. The sale took place on May 5, 2021.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,175,000
• Address: 407 Adelphi Street
• Market: Fort Greene
• Zoning: R6B

The seller of the property was @ChrisOkada. Representing the seller was Anand Melwani from Arm Real Estate Group (@ArmRealEstateNYC).

According to @ChrisOkada, the sale of this property was a result of his efforts to find buyers during a time when the market was frozen due to the pandemic. He reached out to various brokers, owners, and executives, and eventually found a buyer who was interested in purchasing in Brooklyn. The deal was negotiated over a week or two and closed in September. @ChrisOkada expresses confidence in investing in NYC and believes that the return on investment in the 2020s will be significant.