Elliot Ambalo & Joseph Ambalo Purchase Crown Heights Multifamily Property At 2127 Atlantic Avenue For $500K

Located in the vibrant neighborhood of Crown Heights, the multifamily property at 2127 Atlantic Avenue recently changed hands in a closed transaction. The sale, which took place on June 14, 2021, involved a total area of 3,000 square feet. The property was fully vacant at the time of the transaction, allowing for potential value-add opportunities. The sale price for this multifamily asset was $500,000, equating to a price per square foot of $166.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $500,000
• Address: 2127 Atlantic Avenue
• Market: Crown Heights

Elliot Ambalo and Joseph Ambalo, the buyers in this transaction, acquired the property from seller Hansen Von Quintus LaFoucade. With a focus on purchasing properties in the boroughs, Elliot and Joseph Ambalo are actively seeking multifamily assets, as well as industrial and redevelopment opportunities. For more information, they can be contacted directly through Elliot Ambalo at 347-341-1374 or via email at [email protected].