SOLD
Davean Holdings Acquires Multifamily Asset In Park Slope For $8M
704 8th Avenue
MultiFamily
16,120 SF
16,120 SF
Sold 1 year ago
Summary
Sale
NEW YORK
MultiFamily
16,120 sqft
The multifamily property located at 704 8th Avenue in Park Slope, Brooklyn, was recently sold in a closed transaction. The property features a total of 15 units with a selling price of $8,000,000, resulting in a per unit price of $533,333. The building spans across 16,120 square feet, giving it a price per square foot of $496.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $8,000,000
- Address: 704 8th Avenue, Park Slope
- Market: Park Slope
The buyer of the property is Davean Holdings, represented by Sean Lefkovits and David Lloyd. The transaction was facilitated by brokers Adam J. Hess and Edward Setton from Meridian Capital Group. Notably, this is the second time Team Hess has been involved in the sale of 704 8th Avenue, as they previously sold it as part of a $37 million Park Slope portfolio sale in 2013.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Adam J. Hess, Sean Lefkovits, David Lloyd & Edward Setton
DATE: 07/14/2022
ADDRESS: 704 8th Avenue
MARKET: Park Slope
ASSET TYPE: Multifamily
BUYER: Davean Holdings – Sean Lefkovits & David Lloyd
BROKERS: Adam J. Hess (@TeamHessBK) & Edward Setton - Meridian Capital Group (@MeridianCapitalGroup)
SALE PRICE: $8,000,000
UNITS: 15 ~ PPU: $533,333
SF: 16,120 ~ PPSF: $496
NOTE FROM BROKER: Davean Holdings is one of the most active investors in Prime Brooklyn and Manhattan, and were able to sign a contract here in one week in order to beat the competition. This is the second time Team Hess has sold 704 8th Avenue, having first sold it as part of a $37m Park Slope portfolio sale in 2013.View on map
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Address704 8th Avenue
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