Silber Family Purchases Fully Renovated Multifamily Building From DHM Real Estate For $2.05M

The property involved in this transaction is a fully renovated multifamily building situated at 594 Franklin Avenue in Brooklyn. This asset comprises 4 units, covering a total square footage of 3,296, and was sold at a price of $2,050,000, resulting in a price per unit of $512,500 and a price per square foot of $621.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,050,000
• Units: 4
• Square Footage: 3,296
• Price per Unit: $512,500
• Price per Square Foot: $621
• Buyer: Silber Family
• Seller: DHM Real Estate
• Broker: Fred Bijou - Bijou Equities LLC
• Cap Rate: 6%

Fred Bijou of Bijou Equities represented both the buyer, Silber Family, and the seller, DHM Real Estate, in this off-market transaction. Bijou Equities is currently managing 5 deals under contract and holds 4 additional exclusive listings.