Ariel Property Advisors Sells 17-Unit Multifamily Building In Bedford Stuyvesant, Brooklyn For $5.05M

A multifamily property located at 729 Lafayette Avenue in Bedford Stuyvesant, Brooklyn, has been sold in a transaction brokered by Victor Sozio, Dov Chein, and Benjamin Vago, Esq. of Ariel Property Advisors. The sale price for the property was $5,050,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $5,050,000
• Units: 17
• Price per Unit: $297,059
• Square Footage: 17,600
• Price per Square Foot: $287

The property consists of 17 units with a price per unit of $297,059. It spans a total area of 17,600 square feet, resulting in a price per square foot of $287.