Meridian Capital Group Brokers $8M Sale Of Multifamily Property In Park Slope

Located at 256 & 258 6th Ave in Park Slope, this multifamily property was recently sold for $8,000,000. The property spans over 14,663 square feet with a price per square foot of $545. It consists of 11 units, resulting in a price per unit of $727,272. The capitalization rate for this investment is 5%.

Summary of Transaction Details:

• Property Type: Multifamily
• Transaction Amount: $8,000,000
• Square Footage: 14,663
• Price per Square Foot: $545
• Units: 11
• Price per Unit: $727,272
• Capitalization Rate: 5%

The sale of this property was facilitated by Adam J. Hess and Edward Setton from Meridian Capital Group. Their expertise and guidance ensured a successful transaction.