Birch Group Sells Multifamily Asset At 5 Freer Street Lynbrook For $36 Million

The property involved in this transaction is a multifamily asset located at 5 Freer Street in Lynbrook. The sale price for the asset was $36,000,000, and the property consists of 80 units. It has a total square footage of 51,849, resulting in a price per unit of $450,000 and a price per square foot of $694.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $36,000,000
• Address: 5 Freer Street
• Market: Lynbrook
• Units: 80
• PPU: $450,000
• SF: 51,849
• PPSF: $694
• Seller: Birch Group
• Broker Representatives: Niko Nicolaou, Ryan Dowd, David Bernhaut, Daniel Abbondandolo, Joegy Raju, Peter Welch, J.P. Hohl, Alexandria Ebers, Kelly M. Kellett - Cushman & Wakefield

The deal was facilitated by a team of brokers from Cushman & Wakefield, encompassing eight distinct representatives. This collaborative effort contributed to the successful closing of the transaction for the multifamily property.