Meridian Capital Group Brokers $3.4M Multifamily Sale In Park Slope

A multifamily property located at 904 President Street in Park Slope has been sold for $3,375,000. The property spans 5,122 square feet and has a price per square foot of $660. The transaction took place on September 27, 2021. The property is zoned as R7B and falls under the multifamily asset type category. The sale was facilitated by Adam J. Hess and Edward Setton from Meridian Capital Group, who acted as the brokers.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,375,000
• Address: 904 President Street
• Market: Park Slope
• Zoning: R7B

Adam J. Hess and Edward Setton from Meridian Capital Group represented the parties involved in the transaction. The property was sold with a 5.25% cap rate.