The Simkowitz Family Acquires Multifamily Property In Borough Park For $4.6M

The multifamily property located at 5718 Fort Hamilton Pkwy in Borough Park has been sold. The transaction, which took place on 07/05/2022, involved a total of 24 units with a sale price of $4,600,000. The property spans across 17,508 square feet and has an average price per unit of $191,666. The price per square foot is $262.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,600,000
• Address: 5718 Fort Hamilton Pkwy
• Market: Borough Park

The buyer of the property is The Simkowitz Family, while the seller is The Paulsen Family. Compass represented both parties in the transaction, with Ian Mednick and Scott Klein acting as the brokers. Ian Mednick and Scott Klein are from Compass brokerage firm.