Albert Srour Acquires Multifamily Property At 1014 Avenue J Brooklyn For $16 Million With GFI Capital As Seller

The property asset involved in this transaction is a MultiFamily building located at 1014 Avenue J in Brooklyn, New York. The property was sold for a price of $16,000,000, encompassing a total square footage of 51,390 and a price per square foot of $311. The building consists of 56 units, with a price per unit of $285,714.

Summary of transation details:

• Property Type: MultiFamily
• Transaction Amount: $16,000,000
• Square Footage: 51,390
• Price per Square Foot: $311
• Units: 56
• Price per Unit: $285,714
• Seller: GFI Capital – @gfirealtyservicesllc
• Buyer: Albert Srour
• Brokers: Michael Weiser & Josh Orlander (GFI Realty Services)

The transaction involved key individuals and companies, with GFI Capital representing the seller while Albert Srour was the buyer of the property. The brokers facilitating this deal were Michael Weiser and Josh Orlander from GFI Realty Services, contributing their expertise to this closed transaction.