Usama Bhatti Acquires Multifamily Property In Allerton For $1.25M

The multifamily property located at 2561 Cruger Avenue in Allerton has been sold. The property, with a total square footage of 8,138, is classified as a 2B property according to the tax records. The transaction took place on August 30, 2021, with an asking price of $1,425,000. The buyer, Usama Bhatti, successfully negotiated the sale at a final price of $1,250,000. The building has a buildable square footage of 7,217, resulting in a price per buildable square foot of $173. The price per square foot for the entire property amounts to $153.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,250,000
• Date: 08/30/2021
• Address: 2561 Cruger Avenue
• Market: Allerton
• Tax Class: 2B

Terry Faiz, representing the buyer, Usama Bhatti, played a crucial role in facilitating the deal. The seller, Mortaza Komal Siddiqui and Munir Jaber Contract Vendees, reached an agreement with the buyer under Terry Faiz's representation. The transaction signifies a successful negotiation between the involved parties.