Red Brick Properties Acquires Multifamily Building In Park Slope, Brooklyn For $4M

Red Brick Properties has acquired a three-unit building located at 839 President Street in Park Slope, Brooklyn. The property, which is a multifamily asset, was sold for a total price of $4 million. The sale took place on December 15, 2023.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,000,000
• Units: 3
• Price per Unit: $1,333,333
• Building Square Footage: 6,060
• Price per Building Square Foot: $660
• Total Square Footage: 4,960
• Price per Square Foot: $806
• Buyer: David Slaven - Red Brick Properties
• Seller: Shawn F. Wright & Mindy Sue Kappel

The buyer in this transaction was David Slaven, representing Red Brick Properties. On the other hand, the sellers were Shawn F. Wright and Mindy Sue Kappel. The acquisition of the property was completed successfully, with Red Brick Properties acquiring the three-unit building for the aforementioned sale price of $4 million.