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Elie Albert Acquires Multifamily Property In Bushwick, Brooklyn For $1.8M From Seller Joseph Salmone

Property Image
SOLD
$1,800,000
Steve Schaefer
Michael Chira
David Chira

New York

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MultiFamily4,869 SF
Sold 09/23/2021
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Property Image
SOLD

Elie Albert Acquires Multifamily Property In Bushwick, Brooklyn For $1.8M From Seller Joseph Salmone

205 Irving Avenue, Brooklyn, NY 11237, USA

See Similar Deals
MultiFamily4,869 SF
Sold 09/23/2021
Steve Schaefer
Michael Chira
David Chira
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$369
Total Square Footage:4,869 SF
Transaction Type:Sale

A multifamily property located at 205 Irving Ave. in Bushwick, Brooklyn, was recently sold in a closed transaction. The property is classified as a 2A tax class. The sale was facilitated by brokers Steve Schaefer, David Chira, and Michael Chira from The Industry Team at Compass. The transaction took place on September 23, 2021.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,800,000
  • Address: 205 Irving Ave., Bushwick, Brooklyn
  • Market: Bushwick, Brooklyn
  • Tax Class: 2A

The buyer of the property is Elie Albert, while the seller is Joseph Salmone. The buyer plans to undertake a substantial renovation and reposition the asset to offer free market rentals. For any inquiries regarding buying or selling properties, interested parties can contact The Industry Team at Compass via email at industryteam@compass.com.

Players

Michael Chira
Compass
Michael Chira
2 deals$20M volume(908) 930-0369
BROKER
David Chira
Compass
David Chira
2 deals$20M volume
BROKER
Steve Schaefer
Serhant
Steve Schaefer
4 deals$16.1M volume
BROKER

Details

SOLD
IMAGE: Steve Schaefer, Michael Chira & David Chira DATE: 09/23/2021 ADDRESS: 205 Irving Ave. MARKET: Bushwick, Brooklyn ASSET TYPE: Multifamily ~ TAX CLASS: 2A BUYER: Elie Albert SELLER: Joseph Salmone BROKERS: Steve Schaefer (@RockNRollaRealtor), David Chira & Michael Chira (@TheChiraTwins) (The Industry Team) (@IndustryTeam) - Compass (@Compass) SALE PRICE: $1,800,000 SF: 4,869 ~ PPSF: $369 UNITS: 6 ~ PPU: $300,000 NOTE FROM BROKER: Off Market vacant 6 family over 10+ Years. Buyer will undergo substantial rehab & reposition asset to free market rentals. Looking to buy or sell contact The Industry Team with Compass - [email protected]

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