Marcus & Millichap Brokers Sell Multifamily Portfolio In Prospect Park South For $9M

Three multifamily properties located at 46 Linden Boulevard, 50 Linden Boulevard, and 54 Linden Boulevard in Prospect Park South have recently been sold. The transaction took place on June 6, 2019. The properties comprise a total of 43,260 square feet and were sold for a price of $9,000,000. The asking price for these properties was $9,750,000, resulting in a slight discount from the initial listing price. The sale price per square foot is $208, indicating a fair market value of the properties. The buyer, John Warren, acquired the properties from the seller, @EdenAshourzadeh.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $9,000,000
• Address: 46 Linden Boulevard, 50 Linden Boulevard, and 54 Linden Boulevard
• Market: Prospect Park South
• Square footage: 43,260

The deal was facilitated by the brokerage firm Marcus & Millichap, with representation from Shaun Riney, Dan Greenblatt, and Zalman Yarmush. These brokers played a crucial role in ensuring a successful transaction between the buyer and seller.