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Ariel Shalom Of Ariel Development Group Sells Multifamily Asset At 55 South Elliott Place For $4.885M

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SOLD
$4,885,000

New York

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MultiFamily3,480 SF
Sold 11/01/2024
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Property Image
SOLD

Ariel Shalom Of Ariel Development Group Sells Multifamily Asset At 55 South Elliott Place For $4.885M

55 South Elliott Place

See Similar Deals
MultiFamily3,480 SF
Sold 11/01/2024
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,403
Total Square Footage:3,480 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 55 South Elliott Place in Brooklyn. It sold for $4,885,000, featuring 2 units and encompassing a total square footage of 3,480. The price per unit is calculated at $2,442,500 and the price per square foot stands at $1,403.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,885,000
  • Units: 2
  • Square Footage: 3,480
  • Price Per Unit: $2,442,500
  • Price Per Square Foot: $1,403
  • Seller: Ariel Shalom - Ariel Development Group
  • Seller's Representative: Nick Hovsepian - The Corcoran Group
  • Date of Transaction: 11/01/2024
  • Market: Brooklyn

Ariel Development Group, led by Ariel Shalom, specializes in luxury residential condominiums and townhouses, aligning strategy, design, and construction execution in their projects. The seller's representative for this transaction, Nick Hovsepian from The Corcoran Group, facilitated the deal.

Players

Nick Hovsepian
The Corcoran Group
Nick Hovsepian
9 deals$67.8M volume
BROKER

Details

SOLD
IMAGE: Ariel Shalom & Nick Hovsepian DATE: 11/01/2024 ADDRESS: 55 South Elliott Place MARKET: Brooklyn ASSET TYPE: Multifamily SELLER: Ariel Shalom (@Ariel0794) - Ariel Development Group SELLER'S REP: Nick Hovsepian (@NickHovsepian) - The Corcoran Group (@TheCorcoranGroup) SALE PRICE: $4,885,000 UNITS: 2 ~ PPU: $2,442,500 SF: 3,480 ~ PPSF: $1,403 NOTE FROM BROKER: Ariel Development Group is a leading Real Estate Investment company specializing in Luxury Residential Condominiums & Townhouses. Our alignment of strategy, design, and construction execution has elevated our projects to be considered “best in class” by our brokers, investors, and buyers. To submit projects to us, or learn about our upcoming equity/debt placements, call/text (646) 770-0667 or email [email protected].

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