Israel Gold Acquires Multifamily Property On Sherman Avenue For $12M

A brand new free market constructed building located at 1181 Sherman Avenue in East Concourse A has been sold for a total of $12,000,000. This multifamily property spans across 31,000 square feet and has a price per square foot of $387. The building consists of 43 units and was delivered vacant to the buyer. The seller in this transaction was Paul Gjonaj, while the buyer was Israel Gold. The deal was facilitated by broker Alfons Shkoza, who represented both the buyer and seller.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $12,000,000
• Square Footage: 31,000
• Price Per Square Foot: $387
• Units: 43
• Address: 1181 Sherman Avenue
• Market: East Concourse A

This transaction was notable for the involvement of several key individuals and companies. Alfons Shkoza, a broker from the unnamed agency, played a crucial role in representing both the buyer and seller throughout the deal. This demonstrates the trust and confidence placed in Shkoza by both parties. The successful sale of this brand new vacant building highlights the strong market demand for multifamily properties in East Concourse A.