Joseph Romeo Sells MultiFamily Property At 445 Henry Street In Cobble Hill Brooklyn For $6.4M

The property asset involved in this transaction is a multi-family building located at 445 Henry Street in Cobble Hill, Brooklyn. The sale price was $6,400,000 for a total of 5 units. The building has a square footage of 5,600, resulting in a price per square foot of $1,142. Notably, this 24-foot wide, vacant, 5 family building requires total renovation.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $6,400,000
• Units: 5
• Price Per Unit: $1,280,000
• Square Footage: 5,600
• Price Per Square Foot: $1,142
• Seller: Joseph Romeo
• Broker Representatives: Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, and Samantha Katz - Investment Property Realty Group (IPRG)

This deal highlights the expertise of the brokers from Investment Property Realty Group (IPRG), who facilitated the transaction. The team comprises Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, and Samantha Katz, all of whom played a significant role in connecting the seller Joseph Romeo with the transaction outcome.