Meridian’s Team Hess Handles Park Slope Sale,Outer Boroughs New York

Meridian Investment Sales sold 396 7th Ave., a corner mixed-use property in Brooklyn’s Park Slope neighborhood, for $4.55 million. The property sold for $628 per square foot and a capitalization rate of 5.5%. Senior managing director Adam Hess, VP Edward Setton and associate Lane Matalon represented the seller, Slope Realty, and procured the buyer. 396 7th Ave. is a four-story, 7…

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