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Chan Family Acquires Multifamily Property On South 2nd Street In Williamsburg, Brooklyn For $5.2M

Property Image
SOLD
$5,200,000

New York

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MultiFamily4,200 SF
Sold 07/20/2023
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Property Image
SOLD

Chan Family Acquires Multifamily Property On South 2nd Street In Williamsburg, Brooklyn For $5.2M

106 South 2nd Street

See Similar Deals
MultiFamily4,200 SF
Sold 07/20/2023
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,238
Total Square Footage:4,200 SF
Transaction Type:Sale

The multifamily property located at 106 South 2nd Street in Williamsburg, Brooklyn has been sold at a price of $5,200,000. This property consists of four units with a total square footage of 4,200. The price per unit stands at $1,300,000, and the price per square foot is $1,238. The transaction took place on 07/20/2023 between the buyer, Chan Family, and the seller, Parag Sawhney. The brokers involved in this sale were Michael Sherman from Baseline Real Estate Advisors.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,200,000
  • Units: 04
  • Price per Unit: $1,300,000
  • Square Footage: 4,200
  • Price per Square Foot: $1,238
  • Address: 106 South 2nd Street
  • Market: Williamsburg, Brooklyn

The buyer in this transaction, Chan Family, acquired the property from Parag Sawhney. The presence of Michael Sherman from Baseline Real Estate Advisors as the broker indicates their role in representing the buyer's interests. The transaction stands as a significant milestone in the Williamsburg, Brooklyn market.

Players

Michael Sherman
45 deals$785.1M volume(631) 235-9741
BROKER

Parag Sawhney
Penn South Capital
23 deals$175.5M volume(929) 483-4463
BROKER

Parag Sawhney
Penn South Capital
23 deals$175.5M volume
SELLER

Details

SOLD
IMAGE: Michael Sherman DATE: 07/20/2023 ADDRESS: 106 South 2nd Street MARKET: Williamsburg, Brooklyn ASSET TYPE: Multifamily BUYER: Chan Family SELLER: Parag Sawhney BROKERS: Michael Sherman (@MichaelSherman87) - Baseline Real Estate Advisors (@Baseline_REAdvisors) SALE PRICE: $5,200,000 UNITS: 04 ~ PPU: $1,300,000 SF: 4,200 ~ PPSF: $1,238

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