SOLD
Greg Fournier And Fred LeCao Of Greenbrook Partners Acquire Multifamily Property In Park Slope For $15M
70 Prospect Park West
MultiFamily
36,634 SF
36,634 SF
Sold 1 year ago
Summary
Sale
NEW YORK
MultiFamily
36,634 sqft
70 Prospect Park West in Park Slope has been sold in a recent transaction. The multifamily property was purchased for $15,000,000 by Greg Fournier and Fred LeCao from Greenbrook Partners. The transaction was facilitated by Adam Hess and Edward Setton from Meridian Capital Group. The property spans 36,634 square feet and has a selling price of $409 per square foot. The zoning for the property is R7A.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $15,000,000
- Address: 70 Prospect Park West
- Market: Park Slope
- Square Footage: 36,634
- Price per Square Foot: $409
This successful transaction highlights the high demand for core assets in Brownstone Brooklyn. The market is showing signs of increased transaction volume, indicating a positive outlook for the real estate market in Brooklyn and New York City in 2021. Greg Fournier, Fred LeCao, Adam Hess, and Edward Setton played key roles in this deal, ensuring its successful completion.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Adam Hess & Edward Setton
DATE: 03/19/2021
ADDRESS: 70 Prospect Park West
MARKET: Park Slope
ASSET TYPE: Multifamily ~ ZONING: R7A
BUYER: Greg Fournier and Fred LeCao - Greenbrook Partners
BROKERS: Adam Hess (@AdamHessBK) & Edward Setton - Meridian Capital Group @TeamHessBK
SALE PRICE: $15,000,000
SF: 36,634 ~ PPSF: $409
NOTE FROM @TeamHessBK: We’re excited to close another core asset in Brownstone Brooklyn. Assets of this caliber rarely trade and we‘re seeing pent up demand in the market for product. We think this is the beginning of significantly increased transaction volume in Brooklyn and NYC in 2021 as the market finds its footing and buyers and sellers close the bid-ask delta - @AdamHessBKView on map
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Address70 Prospect Park West
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