Mendel Steiner Acquires Multifamily Building At 1801 50th Street In Borough Park For $5.3M

A multifamily residential building located at 1801 50th Street in Borough Park, Brooklyn, was sold for $5.3 million. The property comprises 34 units and spans a total area of 31,200 square feet, translating to a price per unit of $155,882 and a price per square foot of $170.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,300,000
• Units: 34
• Square Footage: 31,200
• Price Per Unit: $155,882
• Price Per Square Foot: $170
• Buyer: Mendel Steiner
• Seller: Paula Claire Gold
• Sale Date: September 5, 2024

Mendel Steiner completed the acquisition of the property from Paula Claire Gold, marking a notable transaction in the Brooklyn real estate market. The sale reflects a significant investment in the multifamily sector within this area.