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Kislak Acquires Multifamily Asset In Spring Valley, NY For $8.4M

Property Image
SOLD
$8,425,000

New York

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MultiFamily39,604 SF
Sold 12/20/2021
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Property Image
SOLD

Kislak Acquires Multifamily Asset In Spring Valley, NY For $8.4M

500 East Funston Avenue, Spring Valley, New York 10977, United States

See Similar Deals
MultiFamily39,604 SF
Sold 12/20/2021
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$212
Total Square Footage:39,604 SF
Transaction Type:Sale

Located in Spring Valley, NY, the recently sold multifamily property at 500 East Funston Avenue has changed hands. The transaction was completed on December 20, 2021, making it a closed deal. The asset consists of 66 units, with an average price per unit of $127,652. The total square footage of the property is 39,604, resulting in a price per square foot of $213. The sale price for the property was $8,425,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $8,425,000
  • Address: 500 East Funston Avenue, Spring Valley, NY
  • Market: Spring Valley, NY
  • Units: 66
  • Price Per Unit: $127,652
  • Square Footage: 39,604
  • Price Per Square Foot: $213

The deal was facilitated by Gregory Koenig and Michael Salomon from Kislak, who acted as the brokers representing the parties involved in the transaction. They played a crucial role in successfully closing the deal.

Players

Gregory Koenig
3 deals$31M volume
BROKER

Michael Salomon
Kislak
5 deals$28.3M volume
BROKER

Details

SOLD
IMAGE: Gregory Koenig & Michael Salomon DATE: 12/20/2021 ADDRESS: 500 East Funston Avenue MARKET: Spring Valley, NY ASSET TYPE: Multifamily BROKERS: Gregory Koenig (@GlKoenigram) & Michael Salomon (@MSalomon29) - Kislak (@KislakCompany) SALE PRICE: $8,425,000 UNITS: 66 ~ PPU: $127,652 SF: 39,604 ~ PPSF: $213

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