Ulisses Vargas Acquires Glendale Multifamily Property From Belinda Teo For $900K

A multifamily property located at 6403 Cooper Avenue in Glendale, Queens, recently closed in a transaction. The property spans 3,300 square feet and was sold for a sale price of $900,000. The seller of the property was Belinda Teo, while the buyer was Ulisses Vargas. The asset was listed with an asking price of $950,000, resulting in a selling price $50,000 below the initial ask. The price per square foot for this transaction was $272.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $900,000
• Address: 6403 Cooper Avenue, Glendale, Queens
• Square Footage: 3,300
• Market: Glendale, Queens

The transaction was facilitated by two brokers. Nelson Olaya represented the seller, Belinda Teo, and was affiliated with Douglas Elliman. Joe Cruz, from Compass, represented the buyer, Ulisses Vargas. Both brokers played a crucial role in ensuring the successful closing of the deal.