Joseph Freund Acquires 6-Unit Multifamily In Bedford-Stuyvesant For $2.2M

The property involved in the transaction is a multifamily asset located at 133 Patchen Ave. in the Bedford-Stuyvesant market. This building consists of 6 units and spans a total area of 5,200 square feet. The sale price was $2,200,000, reflecting a price per unit of $366,666 and a price per square foot of $423. At the time of the sale, the building was bank owned and delivered vacant.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,200,000
• Units: 6
• Square Footage: 5,200
• Price Per Unit: $366,666
• Price Per Square Foot: $423
• Buyer: Joseph Freund
• Broker: DJ Johnston - B6 Real Estate Advisors

The deal was facilitated by DJ Johnston, representing B6 Real Estate Advisors. The transaction was noted for successfully selling a free market, 6-unit walkup building, and the broker encouraged others with similar properties to connect for insights related to this transaction.