Michael Jagmohan Acquires Multifamily Property In Brooklyn For $890,000 With Brokers Matthew Cosentino & Remi Norris

The transaction involves two multifamily properties located at 456 Grant Avenue and 460 Grant Avenue in Brooklyn. The sale price for these assets was $890,000, encompassing a total of 12 units. The total square footage of the properties is 11,424, resulting in a price per unit of $74,166 and a price per square foot of $78.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $890,000
• Units: 12
• Square Footage: 11,424
• Price Per Unit: $74,166
• Price Per Square Foot: $78
• Buyer: Michael Jagmohan
• Broker: Matthew Cosentino & Remi Norris - Terra CRG

Matthew Cosentino and Remi Norris represented the buyer, Michael Jagmohan, in this transaction. It is noted that the properties are next door to each other, indicating proximity that may have implications for management and operational efficiencies.