Marvin Azrak, Joel Wertzberger & Josef Mikkelson Acquire Multifamily Properties In Williamsburg, Bedford-Stuyvesant, Bushwick & Greenwood Heights For $19.6M

A multifamily property located at 1125-1133 Greene Ave, 1213 Jefferson Ave, 568 Willoughby Ave, 618 Lafayette Ave, 834 Metropolitan Ave, 92 South 4th St., 325 Franklin Ave, 53 Stanhope St., and 263 18th St. in Williamsburg, Bedford-Stuyvesant, Bushwick, and Greenwood Heights has been sold for a total price of $19,600,000. The property consists of 41 units with an average price per unit of $478,048. The total square footage of the property is 34,483, with an average price per square foot of $568.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $19,600,000
• Units: 41
• Price per Unit: $478,048
• Square Footage: 34,483
• Price per Square Foot: $568

The buyers of the property are Marvin Azrak, Joel Wertzberger, and Josef Mikkelson. The seller of the property is Chaskiel Strulovitch. The transaction was facilitated by Aaron Jungreis, Greg Corbin, and Chaya Milworn from Rosewood Realty Group.