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Connor Domershick And Max Maleh Acquire Park Slope Multifamily Property For $8M

423 16th
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This MultiFamily property located in NY was sold for $8,000,000 over 2 years ago. The brokers of the deal were Luke Sproviero and Derek Bestreich

A multifamily property located at 423 16th in Park Slope, Brooklyn has been sold for a total of $8,000,000. The property consists of 16 units with an average price per unit of $500,000. The total square footage of the property is 11,668, resulting in a price per square foot of $685.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $8,000,000
  • Address: 423 16th, Park Slope
  • Market: Park Slope
  • Buyer: Connor Domershick & Max Maleh
  • Seller: Rich Giancola
  • Brokers: Luke Sproviero & Derek Bestreich - BRG (Bestreich Realty Group)
  • Total Units: 16
  • Price per Unit: $500,000
  • Total Square Footage: 11,668
  • Price per Square Foot: $685

The transaction was facilitated by brokers Luke Sproviero and Derek Bestreich from Bestreich Realty Group. They represented both the buyer, Connor Domershick and Max Maleh, as well as the seller, Rich Giancola.

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Deals
  • Location
    423 16th Street, Brooklyn, NY, USA423 16th Street, Brooklyn, NY, USA
  • Sale Price
    $8,000,000$8,000,000
    $685 PPSF$685 PPSF
  • Area
    11,668 SF11,668 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Luke Sproviero

Luke Sproviero

Deals163
Financed$537M

Agency

Investment Property Realty Group (IPRG)

Investment Property Realty Group (IPRG)

Agency
Deals1133
Volume$3.8B

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Deal Summary

SALE IMAGE: Connor Domershick, Max Maleh, Luke Sproviero & Derek Bestreich DATE: 11/30/2021 ADDRESS: 423 16th MARKET: Park Slope ASSET TYPE: Multifamily BUYER: Connor Domershick (@ConnorDomer) & Max Maleh (@MaxMaleh) SELLER: Rich Giancola BROKERS: Luke Sproviero (@DaLucien) & Derek Bestreich - BRG (Bestreich Realty Group) (@BRG_CRE) SALE PRICE: $8,000,000 UNITS: 16 ~ PPU: $500,000 SF: 11,668 ~ PPSF: $685

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423 16th

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