SOLD
Frank Picone Acquires Multifamily Property On 19th Street In Brooklyn, South Slope For $1.625M
278 19th Street
MultiFamily
36,000 SF
36,000 SF
Sold 1 year ago
Summary
Sale
NEW YORK
MultiFamily
36,000 sqft
The multifamily property located at 278 19th Street in Brooklyn, South Slope has been sold in a closed transaction. The property spans over 3,600 square feet and consists of 6 units. The asking price for the property was $2,000,0000, and it was ultimately sold for $1,625,000. This translates to a price per square foot of $451 and a price per unit of $270,833.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,625,000
- Address: 278 19th Street, Brooklyn, South Slope
- Square Footage: 3,600
The seller of the property was Dennis Brody, and the buyer was Frank Picone. Representing the deal was broker John Brennan from Marcus & Millichap. It is worth noting that the property is a free market frame building with plans for a gut rehab.
Players
All
2
Agents
1
Agencies
1
Details
SOLD
IMAGE: John Brennan
DATE: 12/06/2019
ADDRESS: 278 19th Street
MARKET: Brooklyn, South Slope
ASSET TYPE: Multifamily
ASKING PRICE: $2,000,0000
SALE PRICE: $1,625,000
SF: 3,600
PPSF: $451
UNITS: 6
PPU: $270,833
SELLER: Dennis Brody
BUYER: Frank Picone
BROKER: John Brennan – Marcus & Millichap
NOTE: Free market frame building with plans to gut rehab.View on map
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Address278 19th Street
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