Ming Zhang Acquires Sunset Park Multifamily For $3.2M With Brokers Greg Melanson & John Barney

A multifamily property located at 430 61st Street in Sunset Park has been sold for $3,200,000. The property consists of 16 units with an average price per unit of $200,000. It spans a total square footage of 16,512 with a price per square foot of $194. The sale was completed on 07/28/2022.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $3,200,000
• Units: 16
• Price per Unit: $200,000
• Square Footage: 16,512
• Price per Square Foot: $194
• Address: 430 61st Street
• Market: Sunset Park

The buyer of the property was Ming Zhang, while the seller was the Dong Family. The deal was facilitated by Greg Melanson and John Barney from Weber Frank.