Investment Property Realty Group Acquires Multifamily Building In Park Slope, Brooklyn For $3.85M

An eight-unit multifamily property located at 419 3rd St in Park Slope, Brooklyn, was recently sold for a total price of $3,850,000. The property spans across 5,208 square feet, resulting in a price per square foot of $739. The sale was facilitated by brokers Derek Bestreich, Luke Sproviero, Adam Lobel, and Toby Waring from Investment Property Realty Group (IPRG).

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,850,000
• Units: 8
• Price Per Unit: $481,250
• Square Footage: 5,208
• Price Per Square Foot: $739
• Address: 419 3rd St, Park Slope, Brooklyn
• Brokers: Derek Bestreich, Luke Sproviero, Adam Lobel, and Toby Waring - Investment Property Realty Group (IPRG)
• Note from Broker: Delivered Vacant

During the transaction process, the brokers from Investment Property Realty Group (IPRG) played a significant role in facilitating the sale. The property was delivered vacant, providing the buyer with the opportunity to make immediate use of the eight-unit multifamily asset.