A group of Israeli investors have paid a record $811/SF for a Park Slope apartment portfolio.
Adam J. Hess and Ofer Cohen of TerraCRG brokered the sale of 719-723 8th Avenue and 704 8th Avenue for $37 million, creating a new neighborhood record for a multifamily building.
“We had almost 30 investors bidding on the 8th Avenue portfolio and the ultimate buyer, who plans to add five additional duplexes to the buildings, will profit handsomely as rents continue to rise in Park Slope,” Hess added.
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