Avison Young Represents Sale Of 597 Grand Avenue Multifamily In Brooklyn For $12.325M
SOLD
$12,325,000
+ 2
New York
See Similar DealsMultiFamily56,536 SF
Sold 12/24/2025
SOLD
Avison Young Represents Sale Of 597 Grand Avenue Multifamily In Brooklyn For $12.325M
597 Grand Avenue
See Similar DealsMultiFamily56,536 SF
Sold 12/24/2025
+ 2
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$218
Total Square Footage:56,536 SF
Transaction Type:Sale
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.
Players
BROKERAGE
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$657,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$43,788.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$58,426.79
Annual Debt Service$701,121.46
Is there something missing? Send suggestions