OP 6551 LLC Acquires Village Square Apartments In Orchard Park From SMF Village Square I & II LLC For $5M

The property asset involved in this transaction is a 42-unit multi-family apartment complex located at 6551 East Quaker Street in Orchard Park. The sale price was $5,000,000, translating to a price per unit of $119,048. The seller acquired the property, known as Village Square Apartments, for $3.4 million in 2021.

Summary of transation details:

• Property Type: MultiFamily
• Transaction Amount: $5,000,000
• Address: 6551 East Quaker Street
• Market: Orchard Park
• Units: 42
• PPU: $119,048
• Buyer: OP 6551 LLC
• Seller: SMF Village Square I & II LLC
• Brokers: Sam Greco & Chris Greco - Greco Real Estate

The transaction involves OP 6551 LLC as the buyer, with representation from brokers Sam Greco and Chris Greco of Greco Real Estate. The seller, SMF Village Square I & II LLC, was previously involved in a purchase of the same property in 2021.