Aaron And Steven Maleh Acquire 12-Unit Multifamily In Crown Heights For $1.7M

A multi-family property located at 229 Troy Avenue in Crown Heights, Brooklyn has been sold for a total price of $1,700,000. The property consists of 12 units with an average price per unit of $141,667. The total square footage of the property is 6,006, resulting in a price per square foot of $283. The transaction was finalized on September 1, 2023, with a capitalization rate of 10%.

Summary of transaction details

• Property Type: MultiFamily
• Transaction Amount: $1,700,000
• Units: 12
• Price per Unit: $141,667
• Square Footage: 6,006
• Price per Square Foot: $283
• Capitalization Rate: 10%

Aaron Maleh and Steven Maleh were the buyers of the property, while Maverick Real Estate Partners served as the seller. The transaction was facilitated by brokers Shaun Riney and Daniel Greenblatt from Marcus & Millichap. They played a crucial role in ensuring a successful deal between the involved parties.