Cohabs Acquires Multifamily Property In Bedford-Stuyvesant, Brooklyn For $3.35M

Located at 267 Kosciuszko St. in Bedford-Stuyvesant, Brooklyn, this multifamily property was recently sold in a speed post sale. The property consists of 4 units and spans a total area of 7,550 square feet. The sale price for this asset was $3,350,000, resulting in a per unit price of $837,500. The price per square foot was calculated to be $443. The property was delivered vacant and will be redeveloped as co-living space by the buyer, Cohabs.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,350,000
• Address: 267 Kosciuszko St.
• Market: Bedford-Stuyvesant, Brooklyn
• Buyer: Cohabs - James Grasso
• Seller: Robert Phillip
• Brokers: Derek Bestreich, Steve Reynolds, Tom Reynolds & Brian Davila - Investment Property Realty Group (IPRG)
• Units: 4
• Per Unit Price: $837,500
• Total Square Footage: 7,550
• Price per Square Foot: $443

This transaction marks Cohabs' fifth deal closed in 2022, as the company actively acquires free-market residential properties that can be delivered vacant. With a focus on co-living, Cohabs aims to transform this property into an attractive shared living space.