Sinai Sassouni Acquires Multifamily Property In Bushwick For $2.9M

This multifamily property located at 522 Evergreen Avenue in Bushwick was recently sold in a closed transaction. The property, with a total square footage of 5,612, features 8 units. The sale price for this transaction was $2,926,000, resulting in a price per square foot of $521. The buyer, Sinai Sassouni, represented by 522 Evergreen Partners, acquired the property from the seller, David Shaulian.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,926,000
• Address: 522 Evergreen Avenue, Bushwick
• Market: Bushwick
• Asset Type: Multifamily
• Zoning: R6
• Tax Class: 2B

The deal was facilitated by the brokers Matthew Gillis, Matthew Davis, and Daniel Mahfar from Ariel Property Advisors, who represented both the buyer and seller in the transaction. The price per unit in this transaction was approximately $365,750.