Go Residential REIT Acquires 186-Unit Multifamily Asset At 409 Eastern Parkway For $109 Million

The asset involved in this transaction is a multifamily property located at 409 Eastern Parkway in Brooklyn. The sale price for the property was $109,000,000, encompassing a total of 186 units. The property spans 197,000 square feet, with a per unit price of $586,021 and a price per square foot of $553.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $109,000,000
• Units: 186
• Square Footage: 197,000
• Price Per Unit: $586,021
• Price Per Square Foot: $553
• Buyer: Go Residential REIT
• Seller: FBE Limited & Adam America
• Seller's Representative: Doug Middleton, Daniel Kaplan & Ariel Aber - CBRE
• Sale of 81% Interest

The deal involved key representatives from the seller's side including Doug Middleton, Daniel Kaplan, and Ariel Aber, all affiliated with CBRE. Their involvement played a significant role in facilitating the transaction between the buyer, Go Residential REIT, and the sellers, FBE Limited and Adam America.