Highpoint Property Group pays $3.2M for 8-unit property in Prospect Heights

Drew Popkin’s Highpoint Property Group through the entity 543 Bergen Street Owner LLC paid Alice Leon’s 543 Bergen Street LLC $3.2 million for 543 Bergen Street in Prospect Heights. The deal closed on July 23, 2020, and was recorded on July 30, 2020. The transaction consists of 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 8 residential units. The property is 7,996 square feet. The parcel(s) have total development potential of 7,996 square feet.
The average sale price per square foot is $396.
This is Highpoint’s fourth purchase this year, according to a PincusCo count.

The contract date was March 24, 2020. Highpoint obtained a $3.3 million acquisition and construction mortgage from CIT Bank.

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