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70 Prospect Park West
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
clock iconSold 1 year ago
Edward (Eddie) Setton
Adam J Hess
the dealplayerscompscontact
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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

Edward (Eddie) Setton's profile picture
Edward (Eddie) Setton
Meridian Capital Group-image
Vice President
$185.8M Sold

Details

Deal Summary
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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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Address70 Prospect Park West

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