US Bankruptcy Court Of Southern District Of NY Sells Multifamily Property In Bedford-Stuyvesant To Nineteen Blocks For $1.19M With The Nassimi Group As The Broker

The multifamily property located at 299 Quincy Street in Bedford-Stuyvesant was recently sold in a bankruptcy sale by the US Bankruptcy Court of the Southern District of New York. The buyer of the property was Nineteen Blocks, represented by Mike Lohan, and the transaction was facilitated by the broker, The Nassimi Group. The sale price for the property was $1,192,500.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $1,192,500
• Square Footage: 2,300
• Sale Price per Square Foot: $518
• Number of Units: 3
• Price per Unit: $397,500

This transaction highlights the involvement of key individuals and companies in the deal, with Mike Lohan representing Nineteen Blocks as the buyer. The Nassimi Group acted as the broker in the sale, facilitating the transaction between the buyer and the US Bankruptcy Court. The property was purchased at auction as part of a bankruptcy sale process, indicating the distressed nature of the transaction.