Basel Elayah Acquires Mixed-Use Property At 1748 East 174th Street For $2M With IPRG

The asset involved in this transaction is a mixed-use property located at 1748 East 174th Street in the Park Versailles market. The property comprises 4 commercial units and 3 multifamily units, with a total of 7 units available. The total sale price for the property was $2,000,000. The building has a square footage of 4,300 and the price per square foot amounted to $465. The property is fully occupied, featuring renovated apartments that are available on the free market.

Summary of transaction details:

• Property Type: Mixed-use (4 Commercial & 3 Multifamily)
• Transaction Amount: $2,000,000
• Buyer: Basel Elayah
• Seller: Moshe Greenblat
• Brokers: Steve Reynolds, Brian Davila, John Loch & Carson Brantley - Investment Property Realty Group (IPRG)
• Units: 7
• Price Per Unit: $285,714
• Square Footage: 4,300
• Price Per Square Foot: $465

The deal featured representation by Steve Reynolds, Brian Davila, John Loch, and Carson Brantley from Investment Property Realty Group (IPRG), who facilitated the transaction between buyer Basel Elayah and seller Moshe Greenblat. Their expertise supported the sale in the competitive real estate market.