Joseph E Safdie & Ralph Safdie Acquires 6-Unit Multifamily In Brooklyn For $810,000

The multifamily property located at 390 New Jersey Avenue in Brooklyn has been sold in a recent transaction. The property consists of 6 units and was sold for a price of $810,000, resulting in a per unit price of $135. The sale was finalized on February 17, 2021, with a capitalization rate of 7.5%. The buyer of the property is Joseph E Safdie and Ralph Safdie, while the seller is Leonard Kaczanowski. The transaction was facilitated by broker Amir E. Barkhordar.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $810,000
• Units: 6
• Price Per Unit: $135
• Capitalization Rate: 7.5%

The successful closing of this sale marks another accomplishment for Joseph E Safdie and Ralph Safdie. They express their gratitude to the ICE CAP group for funding the deal with a quick close and favorable rate. The buyers are actively seeking to acquire more properties, specifically targeting 3-5 family and 6-50 unit multifamily rent-stabilized properties with a minimum 7% capitalization rate. They are also open to alternative options such as development opportunities or interior conversions. Interested parties can submit potential deals to Joseph Safdie or Ronni Zar for consideration.