Jonathan Benbeniste Acquires 6-Unit Multifamily In Bushwick For $1.54M

Located in the bustling market of Bushwick, the multifamily property at 1411 Dekalb Avenue has changed hands in a recent transaction. With a total of 6 units, this rent-stabilized asset offers a promising investment opportunity. The property spans across 4,350 square feet, providing ample space for residents. The sale price for this transaction was $1,535,000, resulting in a price per unit of $255,833. Additionally, the price per square foot was calculated at $353.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,535,000
• Units: 6
• Price per Unit: $255,833
• Square Feet: 4,350
• Price per Square Foot: $353
• Address: 1411 Dekalb Avenue
• Market: Bushwick

In this transaction, Jonathan Benbeniste emerged as the buyer, while Bernard Hernandez acted as the seller. The deal was facilitated by the team of brokers from Investment Property Realty Group (IPRG), including Derek Bestreich, Steve Reynolds, Tom Reynolds, and Brian Davila. It is worth noting that all units in this property are rent stabilized, adding further value and stability to the investment.