Arch Companies Acquires Multifamily Property In Prospect Lefferts Gardens For $58M

The multifamily property located at 1580 Nostrand Ave. in Prospect Lefferts Gardens has been sold in a recent transaction. The sale was facilitated by brokers Greg Corbin and Aaron Jungreis from Rosewood Realty Group. The buyer, represented by Jeffrey Simpson of Arch Companies, purchased the property from Madison Realty Capital.

Summary of transation details

• Property Type: Multifamily
• Sale Price: $58,000,000
• Square Footage: 132,000
• Price per Square Foot: $439
• Number of Units: 210
• Price per Unit: $276,190

The sale of this multifamily property marks a significant transaction in Prospect Lefferts Gardens. Greg Corbin and Aaron Jungreis from Rosewood Realty Group played a crucial role as the brokers representing both the buyer, Jeffrey Simpson, and the seller, Madison Realty Capital.