Sheng M Weng Acquires Multifamily Building In Sunset Park For $1.75M

The multifamily property located at 669 59th Street in Sunset Park, Brooklyn, was recently sold for $1,750,000. The transaction involved a total of 2 units, with a price per unit of $875,000. The property spans 2,162 square feet, translating to a price per square foot of $809.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,750,000
• Units: 2
• Price per Unit: $875,000
• Square Footage: 2,162
• Price per Square Foot: $809
• Address: 669 59th Street
• Market: Sunset Park, Brooklyn

The deal was facilitated by Jerry Tenenbaum of Top Nest Properties. The buyer of the property was Sheng M Weng, while the sellers were identified as Jane & Mark Lynch. Jerry Tenenbaum mentioned in a note that the property was sold for $62,000 over the asking price, reflecting strong market demand for the asset.