New Empire Corp. Sells 108-Unit Brooklyn Multifamily For $77.5M

567 Ocean Ave, located in Prospect Park South, has been sold in a recent transaction. The multifamily property spans 78,856 square feet and was sold at a price of $77,466,390, resulting in a price per square foot of $982.

Summary of transaction details

• Property Type: Multifamily
• Sale Price: $77,466,390
• Square Footage: 78,856
• Address: 567 Ocean Ave
• Market: Prospect Park South

The seller of the property was New Empire Corp., represented by Bentley Zhao. The deal was facilitated by a team of brokers including Yitzchak Khaimov, Natanel Malkoukian, Michael DeSena, and Marina Kote.

The brokers, after successfully selling Bentley Zhao's 77-unit LIC project, Neighborly LIC, were engaged to handle the sale of this 108-unit Brooklyn project. They express their pride in their team for another successful collaboration with one of New York's prominent developers. Interested parties can reach out to Yitzchak Khaimov at [email protected] for more information about the remaining units.