Avison Young Represents Sale Of 597 Grand Avenue Multifamily In Brooklyn For $12.325M

597 Grand Avenue is a multifamily asset located in Brooklyn, successfully sold for $12,325,000. The property spans 56,536 square feet, translating to a price per square foot of $218.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $12,325,000
• Address: 597 Grand Avenue
• Market: Brooklyn
• Square Footage: 56,536
• Price Per Square Foot: $218
• Brokers: Frederick Richter, Brandon Polakoff, Joseph Moran, Miles Davis-Bosch & Patrick Madigan - Avison Young
• Lender: Jake Soodek - Hirshmark Capital

The deal was facilitated by Avison Young, which acted as the exclusive agent for the sale. This transaction was completed in just 14 days following contract execution, highlighting the efficiency of the brokerage team and the significant role played by the lender, Jake Soodek of Hirshmark Capital, in successfully finalizing the deal.