Victor Carella Acquires Multifamily Property In Bushwick For $2M

The multifamily property located at 1525 & 1529 Gates Avenue in Bushwick, Brooklyn, was sold for $2,000,000. This property consists of a total of 8 units, with a price per unit of $250,000. The building spans 4,466 square feet, resulting in a price per square foot of $448.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,000,000
• Units: 8
• Price per Unit: $250,000
• Square Footage: 4,466
• Price per Square Foot: $448
• Address: 1525 & 1529 Gates Avenue, Bushwick, Brooklyn
• Market: Bushwick, Brooklyn
• Seller: Estate Of Sanchez Family
• Buyer: Victor Carella
• Broker: Julio Reyes - Reyes & Elsamad

The two properties involved in this transaction consisted of 4 residential units and 4 commercial units. Victor Carella was the buyer of this property, while the seller was the Estate Of Sanchez Family. Julio Reyes from Reyes & Elsamad served as the broker representing the parties in this deal.