Jin Sung Lee & Brian S. Kim Of Proper Estates Represent Buyer In Edgewater Multifamily Sale For $1.25M

A two-family investment property at 358-360 Undercliff Avenue in Edgewater has been sold for $1,250,000, reflecting a price per unit of $625,000. This multifamily asset comprises two units, each featuring three bedrooms and one bathroom. The property has undergone recent renovations and has the potential to generate over $7,000 in monthly rent. Additionally, the buyer has the option to assume the seller's mortgage at a low 2.5% interest rate.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,250,000
• Units: 2
• Price per Unit: $625,000
• Buyer's Representative: Jin Sung Lee & Brian S. Kim - Proper Estates
• Seller's Representative: Darren Giordano - EXP Realty

Jin Sung Lee and Brian S. Kim represented the buyer in this transaction, while Darren Giordano represented the seller. Their involvement facilitated the successful closing of the deal in the Edgewater market.