Rick Herman's Prana Investments Acquires Inwood Multifamily Property For $6.1M

The multifamily property located at 682 Academy Street in Inwood has been sold in a closed transaction. The property spans 22,650 square feet and was sold for a price of $6,100,000, resulting in a price per square foot of $269. The sale was facilitated by the brokers Robert M. Shapiro, Ian Brooks, and Lauren Hyland from Cushman & Wakefield.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $6,100,000
• Address: 682 Academy Street
• Market: Inwood

Prana Investments, represented by Rick Herman, purchased the property from Enterprise Asset Management, represented by Jason Pizer. The involvement of these individuals and companies in the transaction showcases the active role they played in the deal.