Marcus & Millichap has announced the sale of a 6-unit, multi-family property, located at 43 Prospect Place, Brooklyn, NY for $1,000,000.(Sales)

From: Real Estate Weekly | Date: April 30, 2008 | Copyright information

Marcus & Millichap has announced the sale of a 6-unit, multi-family property, located at 43 Prospect Place, Brooklyn, NY for $1,000,000. The sale price reflects $332 psf, a pro forma capitalization rate of 5.57% The property was delivered over 60% vacant and was in need of a large amount of capital improvements. The property was sold as part of ...

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