Joseph Aghelian Purchases Multifamily Property From Cathy Yau In Brooklyn For $3 Million

The property involved in the transaction is a multifamily asset located at 294 South 5th Street in Brooklyn. The sale price of the property was $3,000,000, with a total square footage of 3,560, resulting in a price per square foot of $842. The property was sold vacant.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,000,000
• Square Footage: 3,560
• Price per Square Foot: $842
• Address: 294 South 5th Street
• Market: Brooklyn
• Buyer: Joseph Aghelian
• Seller: Cathy Yau
• Brokers: Shaun Riney, Michael (Mike) Salvatico & Vincent Tomaselli - Marcus & Millichap

This transaction involved key individuals including Joseph Aghelian as the buyer and Cathy Yau as the seller. The brokers representing the transaction were Shaun Riney, Michael (Mike) Salvatico, and Vincent Tomaselli from Marcus & Millichap. Special thanks are noted to Guy Arad of Romer Debbas LLP for his assistance as seller counsel.