Lee Family Acquires Multifamily Property In East New York For $1.65M

The multifamily property located at 418 New Jersey Avenue & 327 Milford Street in East New York, Brooklyn, was sold for $1,650,000. The property comprises 12 units with a price per unit of $137,500. The total square footage of the property is 8,663, resulting in a price per square foot of $190.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,650,000
• Units: 12
• Price Per Unit: $137,500
• Square Footage: 8,663
• Price Per Square Foot: $190
• Address: 418 New Jersey Avenue & 327 Milford Street, East New York, Brooklyn
• Market: East New York, Brooklyn
• Buyer: Lee Family
• Seller: Joel Braun
• Broker: Roni Yaghoobzar & Joe Safdie - Safdie Realty Group

Safdie Realty Group played a significant role in representing both the seller, Joel Braun, and the buyer, Lee Family, in this successful transaction. For further inquiries and more opportunities, interested parties can directly contact Roni Yaghoobzar at [email protected].