Prestige Development Acquires Multifamily Property In Ocean Hill For $1.36M

A multifamily property located at 464 Marion Street in Ocean Hill has recently been sold in a closed transaction. The property features 2 units and a total square footage of 2,700. The asking price for the property was $1,300,000, and it was eventually sold for $1,362,500, resulting in a price per square foot of $505. The transaction was completed between the seller, Marcelo Krasilic, and the buyer, Prestige Development - Dile Sawn.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,362,500
• Address: 464 Marion Street
• Market: Ocean Hill
• Square Footage: 2,700
• Asking Price: $1,300,000
• Price Per Square Foot: $505
• Units: 2
• Buyer: Prestige Development - Dile Sawn
• Seller: Marcelo Krasilic

The deal was facilitated by brokers Daniel Barcelowsky and David Soria from EVRG Realty. The property was a free market building that was delivered vacant, providing potential for the buyer to make their own modifications and improvements.