Nektalov Family Acquires 36-Unit Multifamily Property In Midwood, Brooklyn For $4.2M

The multifamily property located at 1302 Avenue K, in the Midwood market, has been sold for a price of $4,200,000. The transaction took place on April 14, 2022. The property comprises 36 units and has a total square footage of 36,000. The sale price per unit was $116,666, while the price per square foot was $116. The buyer of the property is the Nektalov Family, while the seller is the Landsberg Family.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,200,000
• Address: 1302 Avenue K
• Market: Midwood
• Units: 36
• Price per Unit: $116,666
• Total Square Footage: 36,000
• Price per Square Foot: $116

The deal was facilitated by brokers Matt Fotis and Zachary Cohen, representing the buyer, the Nektalov Family, and the seller, the Landsberg Family. The brokers are associated with Marcus & Millichap.