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

Property Image
SOLD
$4,000,000
Luke Sproviero
Adam Lobel
+ 3

New York

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MultiFamily5,300 SF
Sold 04/19/2024
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Property Image
SOLD

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

426 2nd Street

See Similar Deals
MultiFamily5,300 SF
Sold 04/19/2024
Luke Sproviero
Adam Lobel
+ 3
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$754
Total Square Footage:5,300 SF
Transaction Type:Sale

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.

Players

Adam Lobel
137 deals$583.5M volume(314) 920-8639
BROKER

Derek Bestreich
Investment Property Realty Group (IPRG)
312 deals$1.1B volume(718) 360-8802
BROKER

Luke Sproviero
Investment Property Realty Group (IPRG)
222 deals$848.7M volume
BROKER

Toby Waring
Investment Property Realty Group (IPRG)
89 deals$348.6M volume
BROKER

Samantha Katz
Investment Property Realty Group (IPRG)
17 deals$91.5M volume(718) 360-4834
BROKER

Alon Kahan
Investment Property Realty Group (IPRG)
12 deals$64.6M volume
BROKER

Details

SOLD
IMAGE: Derek Bestreich, Luke Sproviero, Adam Lobel & Toby Waring DATE: 04/19/2024 ADDRESS: 426 2nd Street MARKET: Park Slope, Brooklyn ASSET TYPE: Condo Conversion SELLER: The Estate Of Judy Budhram BROKERS: Derek Bestreich (@DerekBestreich), Luke Sproviero (@LukeSproviero), Adam Lobel (@AdamLobelRealEstate), Toby Waring (@BklynBricks), Samantha Katz (@Skatz.NYC) & Alon Kahan - Investment Property Realty Group (IPRG) (@IPRG_NY) SALE PRICE: $4,000,000 UNITS: 4 ~ PPU: $1,000,000 SF: 5,300 ~ PPSF: $755

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