Jacobs Family Acquires Multifamily Asset In Bushwick From Venn Holdings For $1.3M

The asset involved in this transaction is a multifamily property located at 1095 Madison Street in the Bushwick market. The property sold for a price of $1,300,000 and consists of 3 units. It has a total square footage of 2,430, resulting in a price per unit of $433,333 and a price per square foot of $534.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $1,300,000
• Units: 3
• Square Footage: 2,430
• Price Per Unit: $433,333
• Price Per Square Foot: $534
• Buyer: Jacobs Family
• Seller: Venn Holdings - Hen Avni
• Broker: Marcel Fridman - Barcel Group

The key individuals involved in this transaction include the Jacobs Family as the buyer and Venn Holdings represented by Hen Avni as the seller. The deal was brokered by Marcel Fridman from Barcel Group, who facilitated the negotiations and finalization of the sale.