Bhuyain Family Acquires 20-Unit Multifamily In Flatbush For $2.2M

The multifamily property located at 2817 Foster Avenue in the Flatbush market has been sold in a closed transaction. The property consists of 20 units with a total square footage of 16,400. The sale price for this transaction was $2,200,000, resulting in a per unit price of $110,000. The price per square foot was calculated to be $134.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,200,000
• Units: 20
• Price per Unit: $110,000
• Square Footage: 16,400
• Price per Square Foot: $134
• Address: 2817 Foster Avenue
• Market: Flatbush

The buyer of the property is the Bhuyain Family, while the seller is the Williams Family. The deal was facilitated by Marcel Fridman of Barcel Group and Gabriel Kates and Sean Mashihi of Block Real Estate Group.