Jordan Baker Purchases Multifamily Asset At 508 Hancock Street Brooklyn For $1.7M With Katerina Morosan As Buyer's Rep

The multifamily asset located at 508 Hancock Street in Brooklyn has a sale price of $1,700,000. The building comprises 2 units and has a total square footage of 3,260, which results in a price per unit of $850,000 and a price per square foot of $521.

The seller's representatives noted that the vacant building benefits from a J-51 tax abatement. The property was sold as is with a 30-day close. This transaction highlighted the successful sourcing of a qualified end user through long-standing relationships and targeted outreach by the brokers involved.