Oleg Baliuk Acquires 9-Unit Multifamily In Elmwood Park For $1.2M

Located at 2316 North Harlem Avenue in Elmwood Park, a nine-unit multifamily property was recently sold for $1,200,000. The property features custom-built, all-brick construction with high-quality oversized units, including five two-bedroom and four one-bedroom units. Situated in a prime location with nearby amenities and public transportation options, this investment opportunity presents below-market rents, making it a valuable asset in the area.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,200,000
• Units: 9
• Price per Unit: $133,333
• Address: 2316 North Harlem Avenue
• Market: Elmwood Park

Oleg Baliuk of KOMAR represented the buyer, while George Ristau of Weichert Realtors represented the seller in the transaction. This deal involved a custom-built property offering a mix of two-bedroom and one-bedroom units, each designed with quality and spaciousness in mind. The below-market rents present an opportunity for future potential growth, adding to the appeal of this well-located multifamily asset.