Moses Rabinowitz Acquires Multifamily Sites In Brooklyn For $5.7M

The two multifamily redevelopment sites on 21 Montauk Avenue & 22 Milford Street in Brooklyn were sold for $5.7 million. The properties, totaling 96 units, were previously storage facilities and were acquired by buyer Moses Rabinowitz at a price of $59,375 per unit.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,700,000
• Units: 96
• Price Per Unit: $59,375
• Address: 21 Montauk Avenue & 22 Milford Street, Brooklyn

Jacob Stavksy of Stav Equities LLC represented the buyer, Moses Rabinowitz, in the $5.7 million transaction involving the acquisition of the two multifamily redevelopment sites in Brooklyn. The properties, formerly used as storage facilities, are now set for redevelopment under the new ownership.