Urban Standard Capital Acquires Multifamily Property In Brooklyn For $1.425M From Seller George Francis & Dorrel Granderson

The multifamily property located at 473 Hancock Street in Brooklyn has been sold for a total price of $1,425,000. The property spans a total of 9,295 square feet, resulting in a price per square foot of $153. The transaction involved a total of 8 units, with each unit being sold for an average price of $178,125.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,425,000
• Market: Brooklyn
• Tax Class: 2B
• Buyer: Urban Standard Capital
• Seller: George Francis & Dorrel Granderson
• Brokers: Derek Bestreich, Steve Reynolds, Brian Davila, Tom Reynolds & Sean Mashihi - Bestreich Realty Group (BRG)

The deal was facilitated by the brokers Derek Bestreich, Steve Reynolds, Brian Davila, Tom Reynolds, and Sean Mashihi from Bestreich Realty Group (BRG). They represented both the buyer, Urban Standard Capital, and the sellers, George Francis and Dorrel Granderson.