Mosheref Hussain Acquires 21-Unit Rent-Stabilized Multifamily Building In Kensington For $3.35M

A multifamily property located at 110 Avenue C in Kensington, Brooklyn, was recently sold in a closed transaction. This property consists of 21 units and spans approximately 16,000 square feet. The seller, Steven Gross of Manor Management, agreed to sell the property to the buyer, Mosheref Hussain, for a price of $3,350,000. The asking price for the property was $4,000,000. The transaction reflects a price per square foot of $209 and a price per unit of $159,523.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,350,000
• Address: 110 Avenue C
• Market: Kensington, Brooklyn

In this deal, Lev Mavashev from ALPHA REALTY represented the buyer. The transaction was conducted on behalf of Mosheref Hussain. It is notable that the property is 100% rent-stabilized, ensuring stability for the tenants. Additional financial details include a gross income of $238,795.