Icon Realty Sells Multifamily Property In Williamsburg, Brooklyn For $4.99M

A multifamily property located at 413 South 5th Street in Williamsburg, Brooklyn has recently been sold for a total price of $4,997,952. This property consists of 5 units, with an average price per unit of $999,590. The total square footage of the property is 4,043, resulting in a price per square foot of $1,236.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,997,952
• Units: 5
• Price per Unit: $999,590
• Square Footage: 4,043
• Price per Square Foot: $1,236
• Address: 413 South 5th Street, Williamsburg, Brooklyn
• Seller: Icon Realty - Terrence Lowenberg
• Brokers: Derek Bestreich, Luke Sproviero, Steve Reynolds, Donal Flaherty, Corey Haynes, Thomas Ventura, and Sal Monteverde - Investment Property Realty Group (IPRG)

The deal was facilitated by a team of brokers from Investment Property Realty Group (IPRG), including Derek Bestreich, Luke Sproviero, Steve Reynolds, Donal Flaherty, Corey Haynes, Thomas Ventura, and Sal Monteverde. These individuals played a crucial role in executing the transaction, ensuring a successful sale of the multifamily property at 413 South 5th Street in Williamsburg, Brooklyn.