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Meridian Capital Group Brokers Park Slope, Prospect Heights Multifamily Sale For $12.1M

558 11th Street & 269 Prospect Place
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This MultiFamily property located in NY was sold for $12,100,000 about 3 years ago. The brokers of the deal were Adam J Hess and Edward (Eddie) Setton

An multifamily property located at 558 11th St. & 269 Prospect Pl. in Park Slope, Prospect Heights was recently sold for $12,100,000. The property consists of 52 units with an average price per unit of $232,692. The total square footage of the property is 28,664, translating to a price per square foot of $422. The transaction took place on February 23, 2021, and the property was sold at a 5.5% capitalization rate.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $12,100,000
  • Units: 52
  • Price per Unit: $232,692
  • Square Footage: 28,664
  • Price per Square Foot: $422
  • Capitalization Rate: 5.5%

The sale of this multifamily property was facilitated by Adam Hess and Edward Setton from the Meridian Capital Group. They represented the buyer and seller in this transaction.

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Deals
  • Location
    558 11th St, Park Slope, Brooklyn, NY, USA558 11th St, Park Slope, Brooklyn, NY, USA
  • Sale Price
    $12,100,000$12,100,000
    $422 PPSF$422 PPSF
  • Area
    28,664 SF28,664 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Edward (Eddie) Setton

Edward (Eddie) Setton

Deals43
Sold$183.1M

Agency

Meridian Capital Group

Meridian Capital Group

Agency
Deals2403
Volume$65.9B

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Deal Summary

SALE IMAGE: Adam Hess & Edward Setton DATE: 02/23/2021 ADDRESS: 558 11th St. & 269 Prospect Pl. MARKET: Park Slope, Prospect Heights ASSET TYPE: Multifamily BROKERS: Adam Hess & Edward Setton @TeamHessBK - Meridian Capital Group SALE PRICE: $12,100,000 UNITS: 52 ~ PPU: $232,692 SF: 28,664 ~ PPSF: $422 CAP: 5.5%

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558 11th Street & 269 Prospect Place

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