Mendel Kaff Acquires Multifamily Portfolio In Unionport & West Farms For $169M

Located at 2001 Story Avenue & 883 East 180th Street, in the Unionport & West Farms market, a multifamily property was recently sold. The transaction took place on 06/21/2022, with Mendel Kaff as the buyer and FBE Limited as the seller.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $169,000,000
• Units: 555
• Price Per Unit (PPU): $304,504
• Square Footage (SF): 602,926
• Price Per Square Foot (PPSF): $280

The sale price for this multifamily property was $169,000,000. The property consists of 555 units, resulting in a price per unit (PPU) of $304,504. With a total square footage of 602,926, the price per square foot (PPSF) amounts to $280.

Mendel Kaff represented the buyer in this transaction, while FBE Limited acted as the seller.