Mike Misiriotis Acquires Multi Family Property In Brooklyn For $7,215,000

Located at 708 5th Avenue in Brooklyn, New York, this multi-family property was recently sold in a closed transaction for a price of $7,215,000. Spanning across 12,000 square feet, the property consists of 14 units. With a price per square foot of $601, this asset offers a lucrative investment opportunity in the Brooklyn market.

Summary of transaction details

• Property Type: Multi Family
• Transaction Amount: $7,215,000
• Square Footage: 12,000 sf
• Price per Square Foot: $601
• Units: 14

TerraCRG, represented by Adam Hess and Eddie Setton, facilitated the deal between the seller, Jack Rothstein, and the buyer, Mike Misiriotis. TerraCRG is a reputable agency in the industry, known for their expertise in brokering real estate transactions. This successful sale showcases their ability to bring together buyers and sellers in the Brooklyn market.