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ABJ Properties Acquires Multifamily Property In Park Slope For $11.1M

Property Image
SOLD
$11,097,000
Adam J Hess
+ 1

New York

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MultiFamily17,539 SF
Sold 04/11/2022
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Property Image
SOLD

ABJ Properties Acquires Multifamily Property In Park Slope For $11.1M

475 4th Avenue, Brooklyn, New York 11215, United States

See Similar Deals
MultiFamily17,539 SF
Sold 04/11/2022
Adam J Hess
+ 1
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$632
Total Square Footage:17,539 SF
Transaction Type:Sale

A multifamily property located at 475 & 479 4th Avenue in Park Slope has been sold for a total of $11,097,000. The property spans a total of 17,539 square feet, resulting in a price per square foot of $633. The sale was facilitated by Adam J. Hess and Edward Setton, brokers from Meridian Capital Group. The transaction was completed on April 11, 2022. The buyer, ABJ Properties, represented by Ben Soleimani & Joe Soleimani, acquired the property from the seller, Rosalind Resnick.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $11,097,000
  • Square Footage: 17,539 sf
  • Price Per Square Foot: $633
  • Market: Park Slope

The sale of 475 & 479 4th Avenue in Park Slope was successfully completed with the assistance of brokers Adam J. Hess and Edward Setton from Meridian Capital Group. They played a key role in facilitating the transaction between the buyer, ABJ Properties, represented by Ben Soleimani & Joe Soleimani, and the seller, Rosalind Resnick. The deal was finalized on April 11, 2022, resulting in the property changing ownership at a price of $11,097,000. The property offers a total of 17,539 square feet of space and is located in the Park Slope market.

Players

Edward (Eddie) Setton
55 deals$251.4M volume
BROKER

Adam J Hess
Sterling Property Group NY
57 deals$251.4M volume
BROKER


2 deals$72.9M volume
BUYER

Details

SOLD
IMAGE: Adam J. Hess & Edward Setton DATE: 04/11/2022 ADDRESS: 475 & 479 4th Avenue MARKET: Park Slope ASSET TYPE: Multifamily BUYER: ABJ Properties – Ben Soleimani & Joe Soleimani SELLER: Rosalind Resnick BROKERS: Adam J. Hess (@TeamHessBK) & Edward Setton - Meridian Capital Group (@MeridianCapitalGroup) SALE PRICE: $11,097,000 SF: 17,539 ~ PPSF: $633 GRM: 16x PPU: $693,000

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