A Multifamily Property Sold at 416 Grand Avenue Multifamily In Brooklyn Sold For $3.7 Million

The property asset involved in this transaction is a multi-family residence located at 416 Grand Avenue in Brooklyn. The asking price for the property was $2,995,000, while it ultimately sold for $3,700,000. The building comprises 8 units, with a price per unit of $462,500. The total square footage of the asset is 3,840, resulting in a price per square foot of $963.

Summary of transation details:

• Property Type: MultiFamily
• Transaction Amount: $3,700,000
• Asking Price: $2,995,000
• Units: 8
• Price Per Unit: $462,500
• Square Footage: 3,840
• Price Per Square Foot: $963
• Seller: Casey Schear & Sam Stern
• Buyer's Representative: Theo Bacon - Renaissance Realty
• Seller's Representative: Kyle Talbott & Karen Talbott - The Corcoran Group
• Date of Transaction: 7/21/2025

This transaction was represented by Kyle Talbott and Karen Talbott from The Corcoran Group on behalf of the sellers. The buyers were represented by Theo Bacon from Renaissance Realty, facilitating the completion of the sale.