Edward Barrett Buys Multifamily Property From Samuel Jacobowitz For $5.2M

A 32-unit residential walkup building located at 1117 Westchester Avenue in Longwood, Bronx, was recently sold for $5.2 million. The property spans 31,519 square feet, resulting in a price per unit of $162,500 and a price per square foot of $165. The transaction took place between the buyer, Edward Barrett, and the seller, Samuel Jacobowitz, under the entity 1117 Westchester Realty LLC.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,200,000
• Units: 32
• Buyer: Edward Barrett
• Seller: Samuel Jacobowitz
• Market: Longwood, Bronx

FRE SB 2017-SB30, a Freddie Mac affiliate, acted as the buyer's representative in the acquisition of the property at 1117 Westchester Avenue. The sale involved a lucrative deal between the entities, adding to the real estate portfolio of the parties involved in the transaction.