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

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.