Greg Fournier Acquires Multifamily Asset At 557 Fifth Avenue From Alex Tupaz For $2.9M

The multifamily asset located at 557 Fifth Avenue in the Park Slope market of Brooklyn has been sold. The sale price for this property, which comprises a total of 4,620 square feet and consists of 8 units, was $2,900,000. The price per unit was $362,500, resulting in a price per square foot of $627.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,900,000
• Units: 8
• Square Footage: 4,620
• Price Per Unit: $362,500
• Price Per Square Foot: $627
• Buyer: Greg Fournier
• Seller: Alex Tupaz
• Brokers: Andrew Bronsteen & Shaun Riney - Marcus & Millichap; Will Bouton

The transaction involved key representatives, including Andrew Bronsteen and Shaun Riney from Marcus & Millichap, who acted as brokers in the sale. Will Bouton also played a significant role in the transaction as a broker, contributing to the successful execution of this deal in the multifamily sector.