Hershel Spitz Acquires Multifamily Property From Maverick Real Estate Partners For $2.55M In Bushwick

The property asset involved in the transaction is a multifamily building located at 230 Schaefer Street, Bushwick, Brooklyn. The asset was sold for $2,550,000 and consists of 6 units. It has a total square footage of 4,875, resulting in a price per unit of $425,000 and a price per square foot of $523.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $2,550,000
• Units: 6
• Square Footage: 4,875
• Price Per Unit: $425,000
• Price Per Square Foot: $523
• Buyer: Hershel Spitz
• Seller: Maverick Real Estate Partners
• Brokers: Shaun Riney, Michael Salvatico, Daniel Greenblatt, and Vincent Tomaselli - Marcus & Millichap

The deal was executed with 100% vacancy delivered and included a 60-Day Terms of Engagement closing as noted by the broker. The transaction showcases the involvement of experienced brokers from Marcus & Millichap, representing Maverick Real Estate Partners throughout the sale process.