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

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].