David Lloyd Ian Miller And Jeremy Sederish Acquire Multifamily Building In Dumbo For $14M

This multifamily asset located at 177 Concord Street in Dumbo features 23 residential units within a 25,500 square foot structure. The property was sold for $14,000,000, marking a price per unit of $608,695 and a price per square foot of $549. The building is noted as being a 100% Free Market Elevator building.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $14,000,000
• Units: 23
• Square Footage: 25,500
• Price Per Unit: $608,695
• Price Per Square Foot: $549
• Buyer: David Lloyd - Lloyd Properties
• Buyer: Ian Miller - Kadima Properties
• Buyer: Jeremy Sederish - Shelter Investment Group
• Seller: Lieberman Family
• Broker: Marcel Fridman - Barcel Group

The transaction involved multiple buyers, David Lloyd, Ian Miller, and Jeremy Sederish, who represented their respective firms in acquiring the property from the Lieberman Family. Broker Marcel Fridman facilitated the transaction for the seller, illustrating a coordinated effort in the negotiation process.