Frances Forrester Acquires Mott Haven Multifamily From Raphael Torres At $950,000

Located in Mott Haven, the property at 416 E. 134th Street has been successfully sold in a recent transaction. This multifamily asset consists of 2 units spread across a total area of 2,200 square feet. The property was sold for a price of $950,000, resulting in a per unit price of $475,000. With a price per square foot of $431, this property offers a promising investment opportunity.

Summary of transaction details:

• Property Type: Multifamily
• Sale Price: $950,000
• Units: 2
• Price per Unit: $475,000
• Square Footage: 2,200
• Price per Square Foot: $431
• Address: 416 E. 134th Street
• Market: Mott Haven

The buyer of the property is Frances Forrester, while the seller is Raphael Torres. Ermelinda McLaughlin from EXP represented the buyer on their behalf, and Andrew Roth from Somerset Real Estate LLC acted as the seller's representative. This successful transaction highlights the competent and professional involvement of these individuals and agencies in bringing about the sale of this property.