Greg Quechol Acquires East New York Multifamily For $749,000

The multifamily property located at 53 Shepherd Ave. in East New York was recently sold in a transaction that closed on April 1, 2021. The property is zoned as R4 and has a total square footage of 2,045. The sale was facilitated by brokers @MattanLevy and @ElanaMagreli from Movil Realty, who represented the buyer and seller, respectively.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $749,000
• Address: 53 Shepherd Ave., East New York
• Market: East New York
• Last Sale: $576,000 (6/2016)

The buyer of the property is Greg Quechol, while the seller is Jason Niaev. The sale price for the property was $749,000, resulting in a price per square foot of $366. This marks an increase from the previous sale price of $576,000 in June 2016.

Please note that no additional information was provided regarding this transaction.