Multifamily Property At 41-42 40th Street Sells For $3.5 Million With Atlas Realty Group

The asset involved in this transaction is a multifamily property located at 41-42 40th Street in the Sunnyside market. The sale price is $3,500,000, encompassing 23 units and totaling 13,500 square feet. The price per unit is $152,173, and the price per square foot is $259.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,500,000
• Units: 23
• Square Footage: 13,500
• Price Per Unit: $152,173
• Price Per Square Foot: $259

This transaction involved brokers Sam Schwartz, Shlomo Antebi, Erik Yankelovich, and Yosef Katz, all representing Atlas Realty Group in the sale of the property.