Azzam Obeid Acquires Bay Ridge Multifamily From Eric Markel For $12.5M

The multifamily property located at 310 94th Street in Bay Ridge has been sold. The transaction took place on 07/18/2022, with a sale price of $12,500,000. The property consists of 67 units, with an average price per unit of $186,567. It spans a total area of 48,000 square feet, resulting in a price per square foot of $260.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $12,500,000
• Address: 310 94th Street, Bay Ridge
• Market: Bay Ridge

Azzam Obeid has purchased the property from Eric Markel. Azzam Obeid represented himself as the buyer, while Eric Markel represented himself as the seller in the transaction.