Marcus & Millichap And Corcoran Broker Multifamily Sale In Park Slope For $20M

The multifamily property located at 575 3rd St. in Park Slope has been sold for a total of $20,000,000. The property spans an area of 33,920 square feet, resulting in a price per square foot of $590. It consists of 36 units, bringing the price per unit to $555,556.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $20,000,000
• Address: 575 3rd St.
• Market: Park Slope

The sale was facilitated by multiple brokers. Mark Zarrella and Shaun Riney of Marcus & Millichap, Wassim Fakhereddine of Corcoran, and Andrew Dansker of Dansker Capital Group were involved in the transaction. Corcoran listed the property, while Marcus & Millichap represented the buyer. Andrew Dansker arranged the financing for the deal through a non-local boutique bank, securing a multi-year interest-only loan with a sub-4% interest rate. Notably, this was the buyer's first multifamily loan within New York City.

These details provide insights into the key individuals and companies involved in the transaction, as well as specific financing arrangements for the deal.