The property involved in the transaction is a single-family home located at 815 Avenue J in Midwood, Brooklyn. The asset encompasses a square footage of 3,000 and was sold for a sale price of $15,500,000, translating to a price per square foot of $5,167. The combined city-assessed value of the property was $5,000,000, indicating a significant increase in its sale price.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $15,500,000
• Address: 815 Avenue J
• Market: Midwood, Brooklyn
• Square Footage: 3,000
• Price Per Square Foot: $5,167
• Buyer: 815 Collection
• Seller: Ayal Horovitz & Michele Bailey-Horovitz

The sale was conducted off-market, highlighting a continuing trend among high-priced transactions within Brooklyn’s real estate sector. The buyers, 815 Collection, engaged in this purchase from sellers Ayal Horovitz and Michele Bailey-Horovitz, who are identified as Midwood developers with a substantial involvement in the local real estate market.