Giannis Antetokounmpo Acquires Multifamily Package Deal In Prospect Lefferts Gardens For $25.2M

Giannis Antetokounmpo acquired two multifamily buildings located at 520 Parkside Avenue and 111 Clarkson Avenue in the Prospect Lefferts Gardens market. The total sale price for the transaction was $25,175,000. The properties encompass a total size of 50,136 square feet, with a blended price per square foot of $502. The first building, located at 111 Clarkson Avenue, sold for $14,098,000 and has a size of 26,902 square feet, resulting in a price per square foot of $524. The second building, situated at 520 Parkside Avenue, was sold for $11,077,000, with a size of 23,234 square feet and a price per square foot of $473.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $25,175,000
• Buyer: Giannis Antetokounmpo
• Sellers: Seth Brown & Richard Ludwig
• Brokers: Matthew Peters & Jack Sullivan - Marcus & Millichap
• Total Size: 50,136 SF
• Building 1 Address: 111 Clarkson Avenue
• Building 1 Sale Price: $14,098,000
• Building 1 Size: 26,902 SF
• Building 1 PPSF: $524
• Building 2 Address: 520 Parkside Avenue
• Building 2 Sale Price: $11,077,000
• Building 2 Size: 23,234 SF
• Building 2 PPSF: $473

The brokers involved in this transaction were Matthew Peters and Jack Sullivan from Marcus & Millichap, representing the buyers and sellers throughout the deal. The properties traded as a package deal, reflecting the collaboration between the parties in achieving the conclusion of the sale.