Beth Rivkah School Acquires Multifamily Property From Eiges Family For $4,825,000 In Prospect Lefferts Garden

The transaction involved a multifamily asset located at 480 Lefferts Avenue in the Prospect Lefferts Garden market. The sale was completed for $4,825,000, covering a total square footage of 45,940, resulting in a price per square foot of $105.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $4,825,000
• Address: 480 Lefferts Avenue
• Market: Prospect Lefferts Garden
• Sale Price: $4,825,000
• Square Footage: 45,940
• Price Per Square Foot: $105
• Buyer: Beth Rivkah School
• Seller: Eiges Family
• Brokers: Shaun Riney & Daniel Greenblatt - Marcus & Millichap

The brokers involved in the transaction were Shaun Riney and Daniel Greenblatt from Marcus & Millichap, representing the sale. The buyer, Beth Rivkah School, is a nonprofit with a specific intended use for the building, which was a key factor in reaching an agreeable sale price in a competitive market.