David Natanov Acquires 6-Unit Multifamily In Queens For $1.35M

The multifamily property located at 17-16 Linden Street in Queens, New York has been sold in a closed transaction. The property spans across 5,700 square feet and consists of 6 units. The transaction price for this multifamily asset was $1,350,000, resulting in a price per square foot of $237. The buyer, David Natanov, acquired the property from the seller, Almazan Family. The sale was facilitated by Barcel Group, with Marcel Fridman representing the buyer.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,350,000
• Square Footage: 5,700 sf
• Price Per Square Foot: $237
• Number of Units: 6
• Price Per Unit: $225,000
• Capitalization Rate: 3.5%

Marcel Fridman from Barcel Group represented David Natanov in the transaction as the buyer's broker. The deal was successfully closed, marking a significant transaction in the Queens multifamily market.