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East Group Capital Acquires Multifamily In Brooklyn For $950,000 With Buyer's Rep Itay Gamlieli & Ofir Badash

Property Image
SOLD
$950,000
Ofir Badash
Itay Gamlieli

New York

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MultiFamily2,100 SF
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Property Image
SOLD

East Group Capital Acquires Multifamily In Brooklyn For $950,000 With Buyer's Rep Itay Gamlieli & Ofir Badash

226 Putnam Avenue, Brooklyn, NY, USA

See Similar Deals
MultiFamily2,100 SF
Sold 12/08/2020
Ofir Badash
Itay Gamlieli
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$452
Total Square Footage:2,100 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 226 Putnam Avenue in Brooklyn. The property has a lot size of 20 ft x 100 ft and is zoned as R6B. It has a building square footage (BSF) of 4,000 and a price per BSF (PPBSF) of $237.50. The property itself spans 2,100 square feet, with a price per square foot (PPSF) of $452.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $950,000
  • Address: 226 Putnam Avenue, Brooklyn
  • Market: Brooklyn

The buyer in this transaction is East Group Capital, represented by Itay Gamlieli and Ofir Badash. They are known for being active investors in Brooklyn throughout 2020 and have a reputation for quick cash closings and creative problem-solving in complex sales. The seller in this transaction is Lois Houses, represented by Marc Combs.

East Group Capital specifically mentions that they are seeking opportunities with 1-8 family or mixed-use properties, whether they are value-add, new construction, or existing structures. They provide their contact information as [email protected].

Players

Ofir Badash
Ofir Badash
10 deals$26.2M volume
BUYER
Itay Gamlieli
Itay Gamlieli
10 deals$24.8M volume
BUYER

Details

SOLD
IMAGE: Ofir Badash (@Badashon28) & @ItayGamlieli DATE: 12/08/2020 ADDRESS: 226 Putnam Avenue MARKET: Brooklyn ASSET TYPE: Multifamily ~ ZONING: R6B BUYER: East Group Capital - Itay Gamlieli & Ofir Badash SELLER: Lois Houses - Marc Combs ASKING PRICE: $1,250,000 SALE PRICE: $950,000 BSF: 4,000 ~ PPBSF: $237.50 SF: 2,100 ~ PPSF: $452 LOT SIZE: 20 ft x 100 ft NOTE FROM BUYER: East Group Capital is among the most active investors in Brooklyn during 2020. Fast closing, always buying cash, and very creative in solving complicated sales. We are seeking for any 1-8 family or mix-use opportunities with value-add, new construction, or existing structure. Please contact us at [email protected]

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