Estate Of Ernesto Imbriano Sells Multifamily Property At 501 8th Avenue For $6.1M

The property asset is a multifamily building located at 501 8th Avenue in Park Slope, Brooklyn. The sale price was $6,100,000 for a total of 4 units, equating to a price per unit of $1,525,000. The total square footage of the property is 6,960, leading to a price per square foot of $876. The property was delivered vacant.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $6,100,000
• Address: 501 8th Avenue
• Market: Park Slope, Brooklyn
• Total Units: 4
• Price Per Unit: $1,525,000
• Square Footage: 6,960
• Price Per Square Foot: $876
• Seller: Estate of Ernesto Imbriano
• Broker Representatives: Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, Samantha Katz & Alon Kahan - Investment Property Realty Group (IPRG)

The sale involved multiple brokers representing the interests of the seller, the Estate of Ernesto Imbriano. This collaboration highlights the professional engagement of the Investment Property Realty Group (IPRG) in facilitating the sale process.