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

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.