Schemo Family Acquires Multifamily Property At 628 Carlton Avenue Brooklyn For $3.95M

The asset involved in the transaction is a multifamily property located at 628 Carlton Avenue in the Brooklyn market. The property was sold for a total price of $3,950,000, spanning 4,000 square feet, which equates to a price per square foot of $987. The property consists of 2 units, leading to a price per unit of $1,975,000.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $3,950,000
• Buyer: Schemo Family
• Seller: James Mulqueen
• Buyer's Representative: Ian Mednick - Compass
• Units: 2
• Square Footage: 4,000
• Price Per Square Foot: $987
• Price Per Unit: $1,975,000

This off-market transaction involved Ian Mednick of The Prospect Team representing the buyer, an end user, and was in collaboration with the Ryan and Ryan Team who represented the seller. The note from the broker highlights the significance of teamwork and relationships in achieving this successful transaction.