Mordechai Piller Acquires Multifamily Portfolio In Gravesend For $14.2M

The multifamily property located at 2314 West 12th Street, 2302 West 12th Street, and 2315 West 13th Street in Gravesend has been sold. The property consists of 51 units with a price per unit (PPU) of $279,411. The total square footage is 57,432, with a price per square foot (PPSF) of $248. The sale was completed for a total price of $14,250,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $14,250,000
• Address: 2314 West 12th Street, 2302 West 12th Street, and 2315 West 13th Street
• Market: Gravesend
• Number of Units: 51
• Price per Unit (PPU): $279,411
• Total Square Footage: 57,432
• Price per Square Foot (PPSF): $248

Mordechai Piller has purchased the property from the Orbach Group, specifically Meyer Orbach. Orbach Group served as the seller in this transaction.