Meadow Partners Acquires Multifamily Asset In Williamsburg For $650M

The multifamily property located at 416-420 Kent Avenue in Williamsburg, Brooklyn, was sold for $650,000,000. This property comprises 857 units with a price per unit of $758,460. The total area of the property is 574,000 square feet, resulting in a price per square foot of $1,131.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $650,000,000
• Units: 857
• Price per Unit: $758,460
• Square Footage: 574,000
• Price per Square Foot: $1,131
• Address: 416-420 Kent Avenue, Williamsburg, Brooklyn
• Market: Williamsburg, Brooklyn
• Buyer: Meadow Partners
• Seller: Spitzer Enterprises
• Brokers: Adam Spies, Adam Doneger, Avery Silverstein, & Monica Brendsel - Newmark

The deal was facilitated by the brokers Adam Spies, Adam Doneger, Avery Silverstein, and Monica Brendsel from Newmark. Meadow Partners acquired the property from Spitzer Enterprises, marking a significant transaction in the market.