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Investment Property Realty Group Brokers $3.6M Sale Of 6-unit Crown Heights Multifamily

Property Image
SOLD
$3,638,000
Luke Sproviero
Daniel Shawah
+ 3

New York

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MultiFamily3,750 SF
Sold 07/22/2022
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Property Image
SOLD

Investment Property Realty Group Brokers $3.6M Sale Of 6-unit Crown Heights Multifamily

68 Troy Avenue

See Similar Deals
MultiFamily3,750 SF
Sold 07/22/2022
Luke Sproviero
Daniel Shawah
+ 3
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$970
Total Square Footage:3,750 SF
Transaction Type:Sale

A multifamily property located at 68 Troy Ave. in Crown Heights, Brooklyn has been sold for a total price of $3,638,000. The property consists of 6 units, with an average price per unit (PPU) of $606,333. The total square footage (SF) of the property is 3,750, with a price per square foot (PPSF) of $970. The sale was completed through the representation of Ari Harkov from Brown Harris Stevens as the buyer's representative and Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, and Daniel Shawah from Investment Property Realty Group (IPRG) as the seller's representatives.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,638,000
  • Units: 6
  • PPU: $606,333
  • SF: 3,750
  • PPSF: $970
  • Address: 68 Troy Ave.
  • Market: Crown Heights, Brooklyn

The buyer, represented by Ari Harkov from Brown Harris Stevens, saw the potential in this 6-unit multifamily property in Crown Heights. On the other hand, the seller's representatives, Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, and Daniel Shawah from IPRG, facilitated the transaction on behalf of the seller. The property is described as undergoing a sub-rehabilitation process according to a note shared by @IPRG_NY. These individuals and companies played crucial roles in the successful sale of the property.

Players

Adam Lobel
137 deals$583.5M volume(314) 920-8639
BROKER

Derek Bestreich
Investment Property Realty Group (IPRG)
312 deals$1.1B volume(718) 360-8802
BROKER

Daniel Shawah
Baldwin Pearson & Co
33 deals$103.9M volume(203) 531-6348
BROKER

Luke Sproviero
Investment Property Realty Group (IPRG)
222 deals$848.7M volume
BROKER

Toby Waring
Investment Property Realty Group (IPRG)
89 deals$348.6M volume
BROKER

Ari Harkov
Brown Harris Stevens
86 deals$429.1M volume(212) 381-4246
BROKER

Details

SOLD
IMAGE: POST SALE IMAGE: Ari Harkov, Derek Bestreich, Luke Sproviero & Adam Lobel DATE: 07/22/2022 ADDRESS: 68 Troy Ave. MARKET: Crown Heights, Brooklyn ASSET TYPE: Multifamily BUYER’S REP: Ari Harkov (@AriHarkov) (The Harkov Lewis Team) (@HarkovLewisTeam) - Brown Harris Stevens SELLER’S REP: Derek Bestreich, Luke Sproviero (@LukeSproviero), Adam Lobel (@AdamLobelRealEstate), Toby Waring (@Bklynbricks), & Daniel Shawah (@DanieljShawah) - Investment Property Realty Group (IPRG) (@IPRG_NY) SALE PRICE: $3,638,000 UNITS: 6 ~ PPU: $606,333 SF: 3,750 ~ PPSF: $970 NOTE FROM @IPRG_NY: 6 UNIT SUB REHAB

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