Eli Scharf Acquires Multifamily Asset At 421 Grand Avenue From Olton Family For $3.2M

The transaction involved a multifamily asset located at 421 Grand Avenue in the Clinton Hill market. The property was sold for a price of $3,200,000, with a total square footage of 5,287 and a price per square foot of $605.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,200,000
• Address: 421 Grand Avenue
• Market: Clinton Hill
• Square Footage: 5,287
• Price per Square Foot: $605
• Buyer: Eli Scharf
• Seller: Olton Family
• Broker Representatives: Shaun Riney, Andrew Bronsteen & Jason Farese - Marcus & Millichap

This marks the third SRO closed in Clinton Hill in the last 18 months by the brokerage team. For inquiries regarding the product type or assistance in closing similar transactions, Andrew Bronsteen can be contacted at [email protected]. Jason Farese is also available at [email protected] for discussions on similar opportunities in Brownstone Brooklyn.