Zvi Ziskind Acquires 59-Unit Midwood Multifamily From Eric Markel For $8.9M

Located at 1850 Ocean Avenue in the Midwood market, this multifamily property was recently sold in a closed transaction. The sale took place on July 26, 2022, with a sale price of $8,900,000. The property consists of 59 units, with an average price per unit of $150,847. The total square footage of the property is 46,752, resulting in a price per square foot of $190.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $8,900,000
• Address: 1850 Ocean Avenue
• Market: Midwood

Zvi Ziskind acted as the buyer in this transaction, while Eric Markel served as the seller. The deal was completed successfully, with Zvi Ziskind acquiring the property from Eric Markel for the aforementioned sale price.