Calvin Jiang Acquires Multifamily Property In Brooklyn For $2.05M

573 Franklin Avenue, located in Brooklyn's Crown Heights neighborhood, has been sold in a closed transaction. The multifamily property spans 5,000 square feet and was delivered fully vacant. The property was sold at a sale price of $2,050,000, slightly below its asking price of $2,200,000, resulting in a price per square foot of $410.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,050,000
• Address: 573 Franklin Avenue, Brooklyn, Crown Heights
• Square Footage: 5,000

The sellers, Nathan Lang and Sam Lang, successfully closed the deal with the buyer, Calvin Jiang. The transaction was facilitated by brokers Marcel Fridman and Bart Zimmermann, who represented both parties involved in the transaction.