Katz Family Acquires Multifamily Property From Solomon Family For $1.25M In Brooklyn

The property involved in this transaction is a multifamily asset located at 507 East 93rd Street in Brooklyn. The sale price for the asset was $1,250,000. The property comprises 16 units, with a price per unit of $78,125. It has a total square footage of 14,232 and a price per square foot of $87.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,250,000
• Address: 507 East 93rd Street
• Market: Brooklyn
• Units: 16
• Price Per Unit: $78,125
• Square Footage: 14,232
• Price Per Square Foot: $87
• Buyer: Katz Family
• Seller: Solomon Family
• Broker: Zalman Yarmush - Yarmush Investment Group

Zalman Yarmush represented the seller in this transaction. The Yarmush Group specializes in selling rent stabilized buildings, mixed-use buildings, and development properties. They are available for discussions regarding additional properties for sale and complimentary property evaluations.