Compass Helps Secure $4.8M Prospect Heights Multifamily Sale
204 Park Place
5,562 SF
Summary
In Prospect Heights, Brooklyn, a multifamily property located at 204 Park Pl. was recently sold for $4,800,000. The property consists of 5 units with a price per unit of $960,000. Spanning across 5,562 square feet, the property was sold at a price per square foot of $862. The transaction resulted in a capitalization rate of 4.1%.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,800,000
- Units: 5
- Price Per Unit: $960,000
- Square Footage: 5,562
- Price Per Square Foot: $862
- Capitalization Rate: 4.1%
Chris Melling was the seller in this transaction, while Meylin Maldonado and Wendy Nanasi from Compass represented the buyer. Andrew Bronsteen and Shaun Riney from Marcus & Millichap served as the seller's representatives.
Andrew Bronsteen and Shaun Riney expressed their satisfaction in securing an out-of-state 1031 buyer and helping them acquire their first property in Brooklyn. They mentioned that 1031 buyers are inclined towards well-known firms and established track records. The brokers also highlighted their strong pipeline of similar buyers and encouraged property owners to contact them for a valuation of their buildings.
Read LessPlayers
All
6
Agents
4
Agencies
2
Details
View on map
Loading...
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want