Jonathan Wintner Of Winstar Properties Purchases Multifamily Asset From Michael Cusumano For $8.75M

The sale transaction involves a multifamily asset located at 1227-1229 South Central Avenue in the Glendale market. The property encompasses 30,896 square feet and comprises a total of 45 units. The transaction concluded at a sale price of $8,750,000, equating to approximately $194,444 per unit and $283 per square foot.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,750,000
• Units: 45
• Square Footage: 30,896
• Price Per Unit: $194,444
• Price Per Square Foot: $283
• Buyer: Jonathan Wintner - Winstar Properties
• Seller: Michael Cusumano - C&P Properties
• Broker: Edward Matevosian - CBRE

The individuals involved in the transaction feature Jonathan Wintner representing Winstar Properties as the buyer, while Michael Cusumano represents C&P Properties as the seller. The brokerage services were provided by Edward Matevosian from CBRE, who facilitated the closing of this real estate deal.