Mohamed Saudi Acquires Multifamily Property In Greenwood Heights, Brooklyn For $1.8M

The multifamily property located at 349 22nd Street in Greenwood Heights, Brooklyn was recently sold in a closed transaction. The property consists of 4 units with a total square footage of 2,000. The sale price for the property was $1,800,000, resulting in a price per unit of $450,000 and a price per square foot of $900. The property was delivered vacant and has a gross buildable square footage of 5,009.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,800,000
• Address: 349 22nd Street
• Market: Greenwood Heights, Brooklyn

The buyer of the property is Mohamed Saudi, while the seller is Carlita Maldonado. The brokers involved in the deal were Derek Bestreich, Luke Sproviero, Adam Lobel, and Toby Waring from Investment Property Realty Group (IPRG).

This transaction represents a successful deal in the Greenwood Heights market, with Mohamed Saudi securing the property through the expertise of his brokers at Investment Property Realty Group (IPRG). The property's unique attributes, including the delivered vacant status and the significant gross buildable square footage, contributed to its desirability in the market.