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

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.