Investment Property Realty Group Executes $4M Condo Conversion Sale In Park Slope

The property at 426 2nd Street, located in Park Slope, Brooklyn, was part of a condo conversion. The sale price for this asset was $4,000,000, with 4 units in the building. The property spans 5,300 square feet, resulting in a price per unit of $1,000,000 and a price per square foot of $755.

Summary of transaction details:

• Property Type: Condo Conversion
• Transaction Amount: $4,000,000
• Units: 4
• Price per Unit: $1,000,000
• Square Footage: 5,300
• Price per Square Foot: $755
• Address: 426 2nd Street
• Market: Park Slope, Brooklyn
• Seller: The Estate Of Judy Budhram
• Brokers: Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, Samantha Katz, Alon Kahan - Investment Property Realty Group (IPRG)

The sale at 426 2nd Street involved a significant number of brokers from Investment Property Realty Group (IPRG), including Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, Samantha Katz, and Alon Kahan. These professionals played key roles in facilitating the transaction, showcasing their expertise in the real estate market of Park Slope, Brooklyn.