Omid Mashieh Buys Multifamily Property From Neil Lochan In Ocean Hill, Brooklyn

The multifamily property located at 1436 Herkimer Street in Ocean Hill, Brooklyn, was sold for $885,000. The property consists of 3 units with a total of 2,336 square feet, resulting in a price per unit of $295,000 and a price per square foot of $378.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $885,000
• Address: 1436 Herkimer Street
• Market: Ocean Hill, Brooklyn
• Units: 3
• Square Feet: 2,336
• Price per Unit: $295,000
• Price per Square Foot: $378
• Buyer: Omid Mashieh
• Seller: Neil Lochan
• Brokers: Elan Layliev & Emilian Derguti - Capstone Properties

The sale of the property was facilitated by Elan Layliev and Emilian Derguti from Capstone Properties. The transaction involved a distressed property in foreclosure being sold as part of an estate sale. The property, zoned R6B, attracted a loan amount of $900,000 and is currently an income-producing investment property.