Botwin Real Estate Acquires Multifamily Property In Flatbush, Brooklyn For $1.225M

The recently closed transaction in Flatbush, Brooklyn involved a multifamily property located at 62 Veronica Place. This property spans across 3,900 square feet and consists of 3 units. The sale price for this property was $1,225,000, resulting in a price per unit of $408,333 and a price per square foot of $314.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,225,000
• Units: 3
• Price per Unit: $408,333
• Square Feet: 3,900
• Price per Square Foot: $314
• Address: 62 Veronica Place, Flatbush, Brooklyn
• Market: Flatbush, Brooklyn

The buyer in this transaction was Botwin Real Estate, while the seller was Toorak Capital Partners. The deal was facilitated by Roni Yaghoobzar and Joseph Safdie from Safdie Realty Group, who successfully represented both the buyer and the seller. It is worth noting that the transaction closed $25,000 above the asking price, indicating the strong negotiating skills of the Safdie Realty Group. Additionally, renderings for 7 condo units were provided, offering a glimpse into potential future developments for the property.

For more REO opportunities, interested parties can directly contact Roni Yaghoobzar, who can be reached via email at [email protected] or by phone at (516) 469-0773.