Ravi Akkieni Acquires Brooklyn Multifamily Property From Phillip Family For $1,250,000

The property involved in the transaction is a MultiFamily asset located at 487 Prospect Place in Brooklyn. The sale price for the property was $1,250,000, and it comprises a total of 8 units. The square footage of the property is 9,000, resulting in a price per unit of $156,250 and a price per square foot of $138.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $1,250,000
• Units: 8
• Square Footage: 9,000
• Price Per Unit: $156,250
• Price Per Square Foot: $138
• Buyer: Ravi Akkieni
• Seller: Phillip Family
• Broker: Joseph Baglio - Madison Estates Sotheby's International Realty

This transaction involved key individuals including buyer Ravi Akkieni and seller Phillip Family. The broker representing this transaction was Joseph Baglio from Madison Estates Sotheby's International Realty, facilitating the deal and ensuring both parties were aligned in the transaction process.