HIP Acquisitions Acquires MultiFamily Property On Dekalb Ave For $1.5M

The multi-family property located at 1380 Dekalb Ave in New York has been sold in a closed transaction for a price of $1,500,000. Spanning 6,500 square feet, the property is valued at approximately $230 per square foot. The transaction involved a total of 8 units, with an average price per unit of $187,500.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $1,500,000
• Square Footage: 6,500 SF
• Price per Square Foot: $230
• Total Units: 8
• Price per Unit: $187,500

The seller of the property is Ulysses Reid, while the buyer is Todd Bell of HIP Acquisitions. Representing the deal as the broker is Rami Polinsky from HPNY.