Blume Family Acquires Multifamily Property From Meerendonk Family In Brooklyn For $1.8M

The property asset involved in the transaction is a multifamily building located at 429-431 Columbia Street in Brooklyn, having a sale price of $1,800,000. The total square footage of the property is 4,485, which translates to a price per square foot of $401.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,800,000
• Address: 429-431 Columbia Street
• Market: Brooklyn
• Square Footage: 4,485
• Price per Square Foot: $401
• Buyer: Blume family
• Seller: Meerendonk family
• Broker: Joshua Pomerantz - SP Capital Group

Joshua Pomerantz represented both the buyer and the seller in this transaction. He facilitated the deal, ensuring the property was delivered vacant at closing. This represents the sixth closed transaction for SP Capital Group in the past eight weeks.