Hamdan Family Acquires 6-Unit Multifamily In Bay Ridge, Brooklyn For $1.35M

Located in the Bay Ridge neighborhood of Brooklyn, the multifamily property at 560 Ovington Avenue has recently changed hands in a sale transaction. The transaction took place on 5th June 2021 and involved a sale price of $1,350,000. The property consists of 6 units, providing a per unit price of $225,000. With a total area of 5,808 square feet, the price per square foot stands at $232. The buyer in this transaction was The Hamdan Family, while the seller was Phil Kelly. Representing the parties involved were brokers Shlomo Antebi, Yosef Katz, Erik Yankelovich, and Natan Safdieh from Atlas Realty Group NY.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,350,000
• Units: 6
• Price Per Unit: $225,000
• Square Footage: 5,808
• Price Per Square Foot: $232

Shlomo Antebi, Yosef Katz, Erik Yankelovich, and Natan Safdieh from Atlas Realty Group NY played a key role as brokers in this transaction, representing the buyer and seller. The Hamdan Family, as the buyers, acquired this multifamily property under the representation of their brokers. Phil Kelly, the seller, engaged the services of the brokers to facilitate the sale. Together, these individuals and companies were able to successfully complete the transaction at 560 Ovington Avenue in Bay Ridge, Brooklyn.