Robert Cheung Acquires Multifamily Property In Williamsburg For $15M

Located in the vibrant neighborhood of Williamsburg, the multifamily property at 21 Montrose Ave was recently sold on July 21, 2020. The property offers a total of 30 units, providing ample housing options for residents. With a spacious total area of 29,250 square feet, the property boasts an impressive price per square foot of $513. The sale price for this transaction amounted to $15,000,000, making it a significant investment.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $15,000,000
• Address: 21 Montrose Ave, Williamsburg
• Market: Williamsburg
• Square Footage: 29,250
• Price per Square Foot: $513
• Units: 30
• Lot Dimensions: 75 ft x 100 ft
• Last Sale Price: $1,900,000 / $65 PBSF (1/2018)

Robert Cheung emerged as the buyer in this transaction, acquiring the property from Moshe Blum. As the buyer's representative, Robert Cheung worked diligently to negotiate the deal and finalize the purchase. The seller, Moshe Blum, entrusted the transaction to their representative to ensure a smooth process from start to finish. This successful deal highlights the expertise and professionalism of both parties involved.