Acquires 198 Madison Street Multifamily Property From Evans Family For $1.385M

The property asset involved in this transaction is a multi-family building located at 198 Madison Street in the Bedford-Stuyvesant market. The sale price was $1,385,000 for the vacant four-story, two-family structure, which encompasses a total square footage of 3,200 SF. The property was sold with a price per unit of $692,500 and a price per square foot of $433. The building had numerous construction issues and had been vacant for a number of years.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $1,385,000
• Units: 2
• Square Footage: 3,200
• Price Per Unit: $692,500
• Price Per Square Foot: $433
• Buyer:
• Seller: Evans Family
• Brokers: Sadya Liberow & Natali Gil - Asset CRG Advisors

Sadya Liberow and Natali Gil represented both the buyer, , and the seller, Evans Family, in this transaction. Asset CRG Advisors, LLC facilitated the sale of the property, emphasizing their expertise in handling real estate transactions.