Chambers Family Acquires Multifamily Property On 50th Avenue For $1.65M

A multifamily property located at 5-09 50th Avenue in Hunters Point has been sold for a total of $1,650,000. The property consists of 3 units with a price per unit of $550,000. The total square footage is 2,970, resulting in a price per square foot of $556.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,650,000
• Units: 3
• Price Per Unit: $550,000
• Square Footage: 2,970
• Price Per Square Foot: $556
• Address: 5-09 50th Avenue
• Market: Hunters Point

The buyer of the property is the Chambers Family, while the seller is the Estate of Robert Benini. The broker representing the buyer is Paul Youssef from FTS Capital.