Canvas Property Group Acquires Multifamily Asset At 436 Albee Square Brooklyn For $112.8M

The property involved in the transaction is a MultiFamily asset located at 436 Albee Square in the Brooklyn market. The sale price for this property was $112,800,000, which encompasses a total of 150 units. The property covers a square footage of 161,262, resulting in a price per unit of $752,000 and a price per square foot of $699.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $112,800,000
• Units: 150
• Square Footage: 161,262
• Price Per Unit: $752,000
• Price Per Square Foot: $699
• Buyer: Canvas Property Group
• Seller: Spencer Equity Group
• Broker Representatives: Alex Fuchs, Ben Khakshoor, and Aaron Jungreis - Rosewood Realty Group

The transaction was facilitated by the representatives from Rosewood Realty Group, specifically Alex Fuchs, Ben Khakshoor, and Aaron Jungreis, who played a crucial role in managing the deal between Canvas Property Group and Spencer Equity Group. Their involvement underscores the significance of expert representation in high-value property transactions.