NH Property Group Acquires Multifamily Building In Ocean Hill, Brooklyn For $1.4M

The property involved in this transaction is a multifamily building located at 284 Sumpter Street in Ocean Hill, Brooklyn. The sale was completed for $1,400,000. This fully vacant 6-family building features a total area of 4,232 square feet and is 33.58 feet wide. Additionally, the property has 3,155 square feet of air rights and the price per unit stands at $233,333, with a price per square foot of $331.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,400,000
• Units: 6
• Square Feet: 4,232
• Price Per Unit: $233,333
• Price Per Square Foot: $331
• Buyer: NH Property Group - Jacob Namdar
• Brokers: Baruch Edelkopf & Joseph Rosenfeld - Schuckman Realty
• Date of Sale: 07/15/2024

Baruch Edelkopf and Joseph Rosenfeld of Schuckman Realty managed the marketing process for this exclusive listing, resulting in nine competing offers for the property. Schuckman Realty Inc. has expressed their readiness to assist those looking to buy or sell similar buildings.