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

205 Irving Avenue
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This MultiFamily property located in NY was sold for $1,800,000 over 2 years ago. The brokers of the deal were Steve Schaefer, David Chira, and Michael Chira

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 [email protected].

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Deals
  • Location
    205 Irving Avenue, Brooklyn, NY 11237, USA205 Irving Avenue, Brooklyn, NY 11237, USA
  • Sale Price
    $1,800,000$1,800,000
    $369 PPSF$369 PPSF
  • Area
    4,869 SF4,869 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Steve Schaefer

Steve Schaefer

Deals2
Sold$7.6M

Michael Chira

Michael Chira

Deals2
Sold$20M

David Chira

David Chira

Deals2
Sold$20M

Agency

Compass

Compass

Agency
Deals2827
Volume$20.6B

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Deal Summary

SALE 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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205 Irving Avenue

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