Reliable Realty Acquires Multifamily Property In New York City For $5.1M

A multifamily property located at 17 Vsan Siclen Ave in was recently sold for a total of $5,125,000. The sale was completed on 06/28/2018. The property spans across 20,596 square feet, resulting in a price per square foot of $248. The transaction involved the transfer of ownership from Rhodium Capital, represented by Fred Schulman & Mark Silber, to Reliable Realty, represented by Cipora Grenfeld. The deal was facilitated by brokers Michael Guttman and Ilya Tolmasov from Rosewood Realty Group NY. The property consists of 26 units, with an average price per unit of $197,000.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $5,125,000
• Date: 06/28/2018
• Address: 17 Vsan Siclen Ave
• City:
• Seller: Rhodium Capital - Fred Schulman & Mark Silber
• Buyer: Reliable Realty- Cipora Grenfeld
• Broker: Michael Guttman & Ilya Tolmasov from Rosewood Realty Group NY
• Property Size (SF): 20,596
• Price per Square Foot (PPSF): $248
• Number of Units: 26
• Price per Unit (PPU): $197,000

The sale of 17 Vsan Siclen Ave was a successful transaction thanks to the involvement of key individuals and companies. Rhodium Capital, led by Fred Schulman & Mark Silber, acted as the seller. On the buyer's side, Reliable Realty, with representation from Cipora Grenfeld, acquired the property. Brokerage services were provided by Michael Guttman and Ilya Tolmasov from Rosewood Realty Group NY.