Jack Cheng Acquires Multifamily Property In Sunset Park, Brooklyn For $1.8M

In a recent closed property transaction in Sunset Park, Brooklyn, a multifamily building located at 559 51st Street was sold for $1,800,000. This property has a price per square foot (PPSF) of $405 and a price per unit (PPU) of $300,000.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $1,800,000
• PPSF: $405
• PPU: $300,000
• Address: 559 51st Street, New York

The seller of this property was John Kielbasa, while the buyer was Jack Cheng. The transaction was facilitated by Marcus & Millichap, with John Brennan and Richard Sodeke from the agency representing the parties involved in the deal.