XICA Sells Multifamily Property At 423 Clermont Avenue In Brooklyn For $3.54M With Marlon Holford As Seller's Rep

The property asset involved in the transaction is a multifamily building located at 423 Clermont Avenue in Brooklyn. It features a total of 4 units, with a sale price of $3,540,000. The building has a square footage of 3,120, translating to a price per unit of $885,000 and a price per square foot of $1,134.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,540,000
• Address: 423 Clermont Avenue
• Market: Brooklyn
• Units: 4
• Square Footage: 3,120
• Price Per Unit: $885,000
• Price Per Square Foot: $1,134
• Seller: XICA
• Seller's Representative: Marlon Holford - Keystone of Greater NY

Marlon Holford, representing the seller, managed the property for over a decade, successfully increasing annual revenue by about 5% through various strategic initiatives. He oversaw the preparation of the property for sale, executing cosmetic improvements, optimizing financials, and taking advantage of favorable market conditions, which aided in achieving a competitive and strong selling price that reflected the asset's full income potential.