Meridian Capital Group Brokers Sale Of Sunset Park Multifamily For $1.3M

Located in Sunset Park, the multifamily property at 424 50th Street has recently been sold. The sale, which took place on April 1, 2022, involved a transaction amount of $1,300,000. Spanning across 3,012 square feet, the property was sold at a price per square foot of $431. The buyer, Miguel Hernandez, finalized the purchase from the seller, Brian Previaty. The deal was facilitated by Adam J. Hess and Edward Setton from Meridian Capital Group.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,300,000
• Address: 424 50th Street, Sunset Park
• Market: Sunset Park
• Buyer: Miguel Hernandez
• Seller: Brian Previaty
• Brokers: Adam J. Hess & Edward Setton - Meridian Capital Group

This sale is part of a larger portfolio of mixed-use and multifamily assets in and around Sunset Park. It marks the successful completion of the first closing for this portfolio. The transaction offers a glimpse into the active real estate market in the area, presenting opportunities for potential buyers and investors in the future.