SOLD
Meridian Capital Group Brokers $3.4M Sale Of Prospect Heights MultiFamily
464 Prospect Place
MultiFamily
5,600 SF
5,600 SF
Sold 223 days ago
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
Details
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%View on map
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Address464 Prospect Place
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