Barcel Group Brokered $8.15M Sale Of 48-Unit Multifamily In Midwood

Located in the Midwood market, the multifamily property at 1245 Ocean Ave. has been sold for a total of $8,150,000. The sale was facilitated by Marcel Fridman from Barcel Group. The property consists of 48 units, with each unit having a price per unit (PPU) of $169,791. The total square footage of the property is 55,800, with a price per square foot (PPSF) of $146.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $8,150,000
• Units: 48
• Price Per Unit (PPU): $169,791
• Square Footage: 55,800
• Price Per Square Foot (PPSF): $146

Marcel Fridman from Barcel Group played a crucial role in the successful completion of the deal, representing the parties involved in the transaction. With their expertise, they ensured a smooth process from start to finish.