This multifamily asset, located at 471 Clinton Avenue in Brooklyn, comprises a 5-story brownstone with a total of 4,500 square feet. The property features 3 units and was sold for a price of $2,400,000, resulting in a price per unit of $800,000 and a price per square foot of $533.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,400,000
• Units: 3
• Square Footage: 4,500
• Price Per Unit: $800,000
• Price Per Square Foot: $533
• Buyer: Entity Led By Real Estate Developer Amir Zwickel
• Seller: James Donna
• Broker Representatives: Afik Even & Sarig Brand - Brand Realty
• Date of Transaction: 02/27/2025

This transaction involved a strategically executed negotiation process by the brokers, resulting in a sale price that was 20% below the original asking price. The brokers highlighted their commitment and strategic approach throughout the transaction, showcasing their ability to navigate shifting market conditions effectively.