Witnick Real Estate Partners Acquires Multifamily Property At 122 Boerum Street For $2.45M

The property at 122 Boerum Street is a multi-family asset located in the Brooklyn market, comprising a total of 8 units. The sale price for the property was recorded at $2,450,000. The total square footage of the building is 6,875, translating to a price per square foot of $356. Additionally, the price per unit is noted as $306,250. The property benefits from 7 years left on the 421-a abatement.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $2,450,000
• Units: 8
• Square Footage: 6,875
• Price Per Unit: $306,250
• Price Per Square Foot: $356
• Buyer: Witnick Real Estate Partners
• Seller: Omid Malekan
• Brokers: Aaron Jungreis, Ben Khakshoor & Alex Fuchs - Rosewood Realty Group

The transaction involved key parties including buyer Witnick Real Estate Partners and seller Omid Malekan, representing a significant exchange in the real estate market. The brokers involved in facilitating the sale were Aaron Jungreis, Ben Khakshoor, and Alex Fuchs from Rosewood Realty Group, ensuring the successful negotiation and closure of the deal.