Samuel Schifman Of Sarsen Capital Partners Purchases Multifamily Asset In Long Beach For $4.3M

The transaction involved a multifamily asset located at 905 Cherry Avenue & 915 Cherry Avenue in Long Beach. The property comprises 26 units and has a total square footage of 14,150. The sale price for this asset was $4,300,000, resulting in a price per unit of $165,385 and a price per square foot of $304.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,300,000
• Units: 26
• Square Footage: 14,150
• Price Per Unit: $165,385
• Price Per Square Foot: $304
• Buyer: Samuel Schifman - Sarsen Capital Partners
• Seller: FSA Capital LP
• Buyer's Representative: Drew McAllister - NRE Commercial
• Seller's Representative: Nick Kazemi - Marcus & Millichap

The key individuals in this transaction include Samuel Schifman, representing the buyer, Sarsen Capital Partners. The seller, FSA Capital LP, was represented by Nick Kazemi from Marcus & Millichap. Additionally, Drew McAllister from NRE Commercial represented the buyer in this deal.