Arthur Gabriel Suren Gabriel And Ben Normatov Acquire Multifamily Property In Brooklyn For $7.3M

The property asset involved in this transaction is a multifamily building located at 528 5th Street & 293 Grand Avenue in Brooklyn, comprising 16 apartments and 1 commercial unit. The sale price was $7,300,000, with a total of 17 units and a price per unit of $429,412. The asset spans 17,604 square feet, resulting in a price per square foot of $415.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,300,000
• Units: 17
• Price Per Unit: $429,412
• Square Footage: 17,604
• Price Per Square Foot: $415
• Buyer: Arthur Gabriel, Suren Gabriel & Ben Normatov - Chateau Gabriel Group
• Seller: Saperstein Family
• Broker: Shaun Riney & Andrew Bronsteen - Marcus & Millichap

Arthur Gabriel, Suren Gabriel, and Ben Normatov from Chateau Gabriel Group are looking to acquire more value add deals in prime neighborhoods of Brooklyn, Manhattan, and Queens. They encourage opportunities to be directed to Ben Normatov via email.