Josh Lipton & Chase Kirkpatrick Of Invictus Represent Buyer In $1.7M Multifamily Sale In Brooklyn

The property asset involved in the transaction is a multifamily building located at 1770-1774 Bedford Avenue, Brooklyn, NY 11225, known for its prime location in the Prospect-Lefferts Gardens neighborhood. The sale price was $1,700,000, and the property comprises 19 residential units, resulting in a price per unit of $89,473. The total square footage of the building is 19,140, with a price per square foot of $88. The building features a total of 19 rent-stabilized residential units, a mix of two-bedroom and three-bedroom layouts, and has undergone recent upgrades, including a newly renovated roof.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,700,000
• Units: 19
• Price Per Unit: $89,473
• Total Square Footage: 19,140
• Price Per Square Foot: $88
• Buyer's Representative: Josh Lipton & Chase Kirkpatrick - Invictus
• Seller's Representative: Malcolm Louis Adams & Thomas Wright - Compass
• Building Dimensions: 55’ x 87’ and stands four stories tall
• Year Built: 1911
• Lot Size: 55’ x 100’ and classified as a C1 property within a R5 zoning district

The deal involved key representatives, with Josh Lipton and Chase Kirkpatrick representing the buyer through Invictus, and Malcolm Louis Adams and Thomas Wright representing the seller through Compass. This transaction highlights the involvement of experienced brokers in a competitive multifamily market, particularly in a neighborhood recognized for its cultural diversity and residential appeal.