Frieden Family Acquires Multifamily Asset From Grasso Family In Bushwick For $1,000,000

The multifamily property located at 1557 Dekalb Avenue in Bushwick, Brooklyn has been sold for $1,000,000. The asset comprises 8 units, with a price per unit of $125,000. The property spans a total square footage of 8,060, resulting in a price per square foot of $124.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,000,000
• Units: 8
• Price Per Unit: $125,000
• Total Square Footage: 8,060
• Price Per Square Foot: $124
• Buyer: Frieden Family
• Seller: Grasso Family
• Broker Representatives: Steve Reynolds & Justin Zeitchik - Investment Property Realty Group

The transaction involved the Frieden Family as the buyer and the Grasso Family as the seller. The deal was facilitated by the brokers Steve Reynolds and Justin Zeitchik from Investment Property Realty Group, who represented the transaction.