Irving Tire Company Acquires Multifamily Property On Broadway For $11M

The multifamily property located at 1487 Broadway in Bushwick/Brooklyn was recently sold in a closed transaction. The property spans an area of 18,000 square feet and was sold for a sale price of $11,000,000. The asset was originally listed with an asking price of $11,500,000, resulting in a final price per square foot of $611.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $11,000,000
• Address: 1487 Broadway
• Market: Bushwick/Brooklyn
• Size: 18,000 square feet

The seller of the property was Joseph Banda. On the buyer's side, the property was purchased by Irving Tire Company – The Pliskin Family. Representing the seller and buyer in this transaction were Ilya Tolmasov and Aaron Jungreis from Rosewood Realty Group NY.