Moshe Mayer Purchases Bushwick Multifamily Property From Felix Gutierrez For $1.75M

The property asset involved in the transaction is a multifamily building located at 289 Stanhope Street in Bushwick, Brooklyn. The asset was sold for $1,750,000, consisting of 5 units in total. The property has a total square footage of 3,300 and a price per square foot of $530. The property was fully occupied at the time of sale.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,750,000
• Units: 5
• Square Footage: 3,300
• Price per Unit: $350,000
• Price per Square Foot: $530
• Buyer: Moshe Mayer
• Seller: Felix Gutierrez
• Brokers: Derek Bestreich, Steve Reynolds, Brian Davila & Tom Reynolds - Investment Property Realty Group

The deal was facilitated by the brokerage firm Investment Property Realty Group, represented by brokers Derek Bestreich, Steve Reynolds, Brian Davila, and Tom Reynolds. They played a crucial role in the transaction between buyer Moshe Mayer and seller Felix Gutierrez.