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464 Prospect Place
SOLD

Meridian Capital Group Brokers $3.4M Sale Of Prospect Heights MultiFamily

464 Prospect Place

MultiFamily
5,600 SF
clock iconSold 238 days ago
Edward (Eddie) Setton
Adam J Hess
the dealplayerscompscontact
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Summary

Sale
NEW YORK
MultiFamily
5,600 sqft

A multi-family property in Prospect Heights has been sold for $3,400,000. Located at 464 Prospect Place, this property consists of 8 units with an average price per unit of $425,000. The total square footage of the property is 5,600, making the price per square foot $607. The property has a cap rate of 6%, indicating a profitable investment opportunity.

Summary of transation details

  • Property Type: MultiFamily
  • Transaction Amount: $3,400,000
  • Units: 8
  • Price per Unit: $425,000
  • Total Square Footage: 5,600
  • Price per Square Foot: $607
  • Cap Rate: 6%
  • BROKERS: Adam J. Hess & Edward (Eddie) Setton - Meridian Capital Group

The sale of this multi-family property was facilitated by Adam J. Hess and Edward (Eddie) Setton, representatives of Meridian Capital Group. Their expertise and negotiation skills played a crucial role in finalizing the deal. Prospect Heights, known for its vibrant community and convenient location, continues to attract investors looking for profitable real estate opportunities.

Players

  • All

    3

  • Agents

    2

  • Agencies

    1

Edward (Eddie) Setton's profile picture
Edward (Eddie) Setton
Meridian Capital Group-image
Vice President
$185.8M Sold

Details

Deal Summary
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SOLD
IMAGE: Adam J. Hess & Edward Setton DATE: 09/28/2023 ADDRESS: 464 Prospect Place MARKET: Prospect Heights ASSET TYPE: MultiFamily BROKERS: Adam J. Hess (@TeamHessBK) & Edward (Eddie) Setton - Meridian Capital Group (@Meridian.Capital.Group) SALE PRICE: $3,400,000 UNITS: 8 ~ PPU: $425,000 SF: 5,600 ~ PPSF: $607 CAP RATE: 6%

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Address464 Prospect Place

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