Erlich Family Acquires 252 Cornelia Street Multifamily From Dorta Family For $680,000

The asset involved in this transaction is a multifamily building located at 252 Cornelia Street, situated in the Brooklyn market. The sale was completed for a total of $680,000, comprising 6 units and totaling 5,025 square feet, which results in a price per unit of $113,333 and a price per square foot of $135.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $680,000
• Units: 6
• Square Footage: 5,025
• Price Per Unit: $113,333
• Price Per Square Foot: $135
• Buyer: Erlich Family
• Seller: Dorta Family
• Brokers: Evan Kashanian & DJ Johnston - Matthews

Evan Kashanian and DJ Johnston, representing the ownership through Matthews, played a pivotal role in repositioning the asset's marketing after previous failed attempts by another brokerage. Their approach focused on strategic marketing and thorough vetting of potential buyers to facilitate a successful closing, despite challenges faced during the process.