Bei Chin Acquires Multifamily Property From Abe Heby In Brooklyn For $2.8M

The asset involved in this transaction is a multifamily property located at 183 South 2nd Street in Brooklyn, New York. It was sold for a total price of $2,800,000, which equates to a price per unit of $700,000 across 4 units. The property has a total square footage of 3,520, resulting in a price per square foot of $795.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,800,000
• Address: 183 South 2nd Street
• Market: Brooklyn
• Units: 4
• PPU: $700,000
• SF: 3,520
• PPSF: $795
• Buyer: Bei Chin
• Seller: Abe Heby
• Broker: Roy Oskar - Bridge Advisory Group

The transaction involved Bei Chin as the buyer and Abe Heby as the seller, with Roy Oskar from Bridge Advisory Group serving as the broker for the deal. The property was delivered vacant upon completion of the sale. Roy Oskar noted that similar properties are available for sale in Williamsburg and neighboring areas, inviting interested parties to reach out directly.