Somekh Group Acquires Multifamily Property In Bayside, Queens For $4.8M

Entrepreneur Properties, represented by Mo Ibrahim, recently closed on the sale of a multifamily property located at 39-30 214 Place in Bayside, Queens. The property is situated in the vibrant market of Bayside and offers a total of 10,000 square feet of space.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,800,000
• Price per Square Foot: $480
• Price per Unit: $400,000
• Seller: Apostolos Anagnostopoulos
• Buyer: Somekh Group

This successful transaction was facilitated by Mo Ibrahim of Entrepreneur Properties. Through their expertise and guidance, the seller, Apostolos Anagnostopoulos, was able to sell the property to the buyer, Somekh Group, for the agreed-upon amount.