Yitzchok Katz Acquires Multifamily & Mixed-use Property In Downtown Brooklyn For $25.5M

The asset involved in this transaction is a multifamily and mixed-use property located at 364 Livingston Street & 60 Flatbush Avenue in the Downtown Brooklyn market. The sale was finalized at a price of $25,500,000, comprising 22 units and encompassing a total square footage of 40,447, resulting in a price per unit of $1,159,090 and a price per square foot of $630.

Summary of transaction details:

• Property Type: Multifamily & Mixed-use
• Transaction Amount: $25,500,000
• Units: 22
• Price per Unit: $1,159,090
• Square Footage: 40,447
• Price per Square Foot: $630
• Buyer: Yitzchok Katz
• Seller: ISJ Management, Jemstone Group - Joseph I. Jemal & Billy Shalom
• Date of Sale: 08/25/2022

Key individuals involved in the transaction include the buyer Yitzchok Katz and the sellers Joseph I. Jemal and Billy Shalom, representing ISJ Management and Jemstone Group. These parties played integral roles in the completion of the sale, ensuring a successful transaction.