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

The property asset involved in this transaction is a multifamily building located at 413 South 5th Street in the Williamsburg market of Brooklyn. The sale price was $4,997,952, with a total of 5 units and a price per unit of $999,590. The building encompasses a total square footage of 4,043, translating to 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
• Seller: Icon Realty - Terrence Lowenberg
• Brokers: Derek Bestreich, Luke Sproviero, Steve Reynolds, Donal Flaherty, Corey Haynes, Thomas Ventura & Sal Monteverde - Investment Property Realty Group (IPRG)

This transaction involved multiple individuals from the Investment Property Realty Group (IPRG), including brokers Derek Bestreich, Luke Sproviero, Steve Reynolds, Donal Flaherty, Corey Haynes, Thomas Ventura, and Sal Monteverde. These representatives played a crucial role in facilitating the sale on behalf of the seller, Icon Realty, represented by Terrence Lowenberg.