Adam J Hess & Edward Setton Sell Crown Heights Multifamily For $3.7M

The multifamily property located at 788 Classon Avenue in Crown Heights, Brooklyn, was sold for $3,700,000. Spanning 5,850 square feet, the property was transacted at a price per square foot of $632, yielding a cap rate of 6.4%.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,700,000
• Asset Type: Multifamily
• Address: 788 Classon Avenue
• Market: Crown Heights, Brooklyn
• Brokers: Adam J Hess & Edward Setton - Meridian Capital Group
• SF: 5,850
• PPSF: $632
• Cap Rate: 6.4%

Adam J Hess and Edward Setton from the Meridian Capital Group represented the parties involved in the sale of the multifamily property at 788 Classon Avenue in Crown Heights, Brooklyn, showcasing their expertise in facilitating successful real estate transactions.