The Masal Family Acquires Multifamily Asset In Williamsburg For $6.15M

238 North 5th Street & 240 North 5th Street in Williamsburg, Brooklyn, were part of a recent transaction in the multifamily asset market. The properties, totaling 6,232 square feet, were sold for $6,150,000 at a price per unit of $768,750 and a price per square foot of $987.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $6,150,000
• Units: 8
• Square Feet: 6,232
• Price Per Unit: $768,750
• Price Per Square Foot: $987
• Address: 238 North 5th Street & 240 North 5th Street, Williamsburg, Brooklyn
• Market: Williamsburg, Brooklyn

The Masal Family acquired the properties from Alex Lebowitz & Billy Haddad of Partners Path. Representing the transaction was Michael Sherman from Baseline Real Estate Advisors.