Margules Properties Acquires Multifamily Property In Bushwick For $6.65M

Margules Properties has acquired a multifamily property located at 185 Jefferson Street and 1381 Madison Street in the Bushwick/Brooklyn market. The property consists of 12 units with a total square footage of 4,350. The sale price for this transaction was $6,650,000, resulting in a price per square foot of $1,528.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $6,650,000
• Address: 185 Jefferson Street, 1381 Madison Street
• Market: Bushwick/Brooklyn

The seller in this deal was Skybrook Capital, represented by Isaac Fried and David Samuels. The buyer, Margules Properties, acquired the property with the assistance of DJ Johnston from B6 Real Estate.