James Grasso Acquires 421 Tompkins Avenue Multifamily In Bedford Stuyvesant For $3.1M

421 Tompkins Avenue, located in the Bedford Stuyvesant neighborhood, has been sold in a recent transaction. The multifamily property is fully renovated and offers a unique opportunity for student, program, and co-living housing. The building features an 8-bedroom, 4-bathroom duplex, and a 10-bedroom, 5-bathroom triplex, spread across five floors totaling 18 bedrooms and 9 bathrooms. With a total of 5,500 square feet, this property presents an attractive investment prospect.

Summary of transaction details

• Property Type: Multifamily
• Sale Price: $3,100,000
• Number of Units: 2
• Price per Unit: $1,550,000
• Square Footage: 5,500
• Price per Square Foot: $564
• Market: Bedford Stuyvesant

James Grasso acted as the buyer in this transaction, while Gemma Property Group was the seller. The deal was facilitated by DJ Johnston from B6 Real Estate Advisors. If you are interested in a similar building or have any questions about the transaction, you can contact DJ Johnston at 914-584-7422 or [email protected].