Pacific Real Estate Partners Acquires Brooklyn Multifamily At 538 Pacific Street For $3.4M

The property asset involved in this transaction is a multifamily building located at 538 Pacific Street in Brooklyn. The sale price was $3,400,000, and it encompasses a total square footage of 3,200, resulting in a price per square foot of $1,062.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,400,000
• Address: 538 Pacific Street
• Market: Brooklyn
• Square Footage: 3,200
• Price Per Square Foot: $1,062
• Buyer: Pacific Real Estate Partners
• Seller: David Lloyd - Lloyd Properties; Ian Miller - Kadima Properties; Jeremy Sedrish - Shelter Investment Group
• Buyer's Representative: Lauren Schaffer - Compass
• Seller's Representatives: Jess Prichard & Erika Maya - Platinum Properties

This transaction highlights the collaboration among various professionals, with the buyer represented by Lauren Schaffer from Compass, while the sellers were represented by Jess Prichard and Erika Maya of Platinum Properties. The involvement of multiple seller representatives indicates a coordinated effort in this multifamily asset sale.