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Greg Fournier And Fred LeCao Of Greenbrook Partners Acquire Multifamily Property In Park Slope For $15M

Property Image
SOLD
$15,000,000
Edward (Eddie) Setton
Adam J Hess
GF

New York

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MultiFamily36,634 SF
Sold 03/19/2021
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Property Image
SOLD

Greg Fournier And Fred LeCao Of Greenbrook Partners Acquire Multifamily Property In Park Slope For $15M

70 Prospect Park West, Park Slope, Brooklyn, NY, USA

See Similar Deals
MultiFamily36,634 SF
Sold 03/19/2021
Edward (Eddie) Setton
Adam J Hess
GF
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$409
Total Square Footage:36,634 SF
Transaction Type:Sale

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

Edward (Eddie) Setton
Sterling Property Group NY
Edward Setton
55 deals$251.4M volume
BROKER
Adam J Hess
Sterling Property Group NY
Adam J Hess
57 deals$251.4M volume
BROKER
GF
Greenbrook Partners
Greg Fournier
19 deals$607.1M volume
BUYER
Greenbrook Partners
Greenbrook Partners
BUYER

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 - @AdamHessBK

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