Landau Real Estate Acquires Multi-Family Property In Borough Park, Brooklyn For $15M

The multi-family property located at 5520 15th Avenue in Borough Park, Brooklyn has been sold for a total price of $15,000,000. The property has a total square footage of 57,600, resulting in a price per square foot of $260. The transaction was completed on September 4, 2018.

Summary of transaction details:

• Property Type: Multi Family
• Transaction Amount: $15,000,000
• Address: 5520 15th Avenue, Borough Park, Brooklyn
• Market: Borough Park, Brooklyn
• Square Footage: 57,600
• Price Per Square Foot: $260

The seller of the property was Weinstock Realty, LLC, represented by Michael Weinstock. The buyer, Landau Real Estate, completed the purchase with the assistance of Rosewood Realty Group. Michael Guttman and Aaron Jungreis from Rosewood Realty Group acted as the buyer's representatives, while Michael Weinstock represented the seller.