Ping Chen Purchases 58 Huron Street Multifamily In Brooklyn For $2,950,000 With Brokers Shaun Riney Michael Salvatico & Harrison Rich

The asset involved in the transaction is a multifamily property located at 58 Huron Street in Brooklyn. The sale price of the property was $2,950,000, with a total area of 2,700 square feet. The price per square foot stands at $1,092.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,950,000
• Address: 58 Huron Street
• Market: Brooklyn
• Square Feet: 2,700
• Price Per Square Foot: $1,092
• Buyer: Ping Chen
• Seller: Michelle A Chinnery
• Broker Representatives: Shaun Riney, Michael Salvatico & Harrison Rich - Marcus & Millichap

In this transaction, the New York Multifamily Team facilitated the sale, generating over five full-ask offers through a competitive bidding process. The team achieved a final sale price $50,000 above the original asking price, and has experience selling 10+ 2-5-family properties in North Brooklyn.