Grossmann & Berger brokered building
Hamburg | 21.08.2014
Grossmann & Berger has brokered the sale of an imposing apartment building in the Eppendorf district of Hamburg which dates back to around 1900. An Austrian investor bought the art nouveau building for 5.8m €, a multiple of 29 at current rents. The building was sold by a community of heirs under German law.