Conserve Holdings Acquires Multifamily Asset From Mercer Street In Richmond For $19.5M

The property involved in this transaction is a multifamily asset located at 2017 Brook Road, Richmond, VA. The sale price is $19,500,000, which reflects a price per unit of $189,320 across 103 units. The total square footage of the property is 92,244, resulting in a price per square foot of $211.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $19,500,000
• Address: 2017 Brook Road
• Market: Richmond, VA
• Units: 103
• Price per Unit: $189,320
• Square Footage: 92,244
• Price per Square Foot: $211
• Buyer: Conserve Holdings
• Seller: Mercer Street
• Brokers: Jonathan Brody, Ari Sokol & Michael Schattner - Base Realty Group

This transaction features key individuals from Base Realty Group, with Jonathan Brody, Ari Sokol, and Michael Schattner representing the parties involved. Their roles as brokers facilitated the successful execution of the deal between Conserve Holdings and Mercer Street.