Michael Arzillo Purchases Multifamily Property At 2244 Madison Street From Gilford Brown For $2.45M

The property asset involved in this transaction is a multifamily asset located at 2244 Madison Street in the Hollywood market. The sale was completed for a total price of $2,450,000 and encompasses 12 units, delivering a price per unit of $204,166. The total square footage of the property is 10,537, resulting in a price per square foot of $232.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,450,000
• Units: 12
• Price per Unit: $204,166
• Square Footage: 10,537
• Price per Square Foot: $232
• Buyer: Michael Arzillo
• Seller: Gilford Brown
• Broker: Elior Levi - Fausto Commercial Realty Consultants

The key individuals involved in this deal include the buyer, Michael Arzillo, who acquired the property, and the seller, Gilford Brown, who completed the transaction. Elior Levi of Fausto Commercial Realty Consultants represented the seller in this deal.