Michael Chung Acquires Multifamily Property On N Virgil Ave In Rampart Village For $3.2M

The multifamily property located at 315-323 N Virgil Ave in Rampart Village has been sold for a price of $3,173,000. The transaction took place on June 17, 2022, and the property consists of 12 units with a total square footage of 9,594. This equates to a price per unit of $264,416 and a price per square foot of $330.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,173,000
• Address: 315-323 N Virgil Ave
• Market: Rampart Village
• Units: 12
• Price per Unit: $264,416
• Square Footage: 9,594
• Price per Square Foot: $330

The buyer of the property is Michael Chung, while the seller is Arnold Friedman. The deal was facilitated by Yohann Bensimon from Ikon Advisors, who acted as the broker for both parties involved in the transaction.