Cohabs Acquires Multifamily Property On Park Place For $2.775M

A multifamily property located at 517 Park Place in Crown Heights, Brooklyn has been sold for a price of $2,775,000. The property consists of four units with an average price per unit of $693,750. The total square footage of the property is 4,860, resulting in a price per square foot of $571.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,775,000
• Units: 4
• Price per Unit: $693,750
• Square Footage: 4,860
• Price per Square Foot: $571
• Address: 517 Park Place, Crown Heights, Brooklyn

The buyer of the property is Cohabs, represented by James Grasso. The seller of the property is the Williams Family. The transaction was facilitated by Marcel Fridman from the Barcel Group, who acted as the broker in the deal.