FBE Limited Acquires Multifamily Property In Crown Heights, Brooklyn For $30.5M

The multifamily property located at 781 Washington Avenue in Crown Heights, Brooklyn has been sold. The transaction took place on November 30, 2022.

Summary of transaction details:

• Property Type: Multifamily
• Sale Price: $30,500,000
• Address: 781 Washington Avenue
• Market: Crown Heights, Brooklyn

The buyer of the property is FBE Limited, represented by Yehoshua Leib Fruchthandler. The seller is Mendel Kaff.

The property consists of 63 units, with an average price per unit (PPU) of $484,127. It has a building square footage (BSF) of 136,500, with an average price per BSF (PPBSF) of $223. The total square footage (SF) of the property is 47,925, with an average price per square foot (PPSF) of $636.