Kumar Family Acquires Red Hook Multifamily For $1.63M With Brokers From Atlas Realty Group

A multifamily property located at 692 Henry St. in Red Hook has been sold for $1,625,000. The property consists of 8 units, with an average price per unit of $203,125. Spanning 5,000 square feet, the property has a price per square foot of $325.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,625,000
• Units: 8
• Average Price per Unit: $203,125
• Square Footage: 5,000
• Price per Square Foot: $325
• Address: 692 Henry St.
• Market: Red Hook

The sale of the property was facilitated by brokers Shlomo Antebi, Yosef Katz, Erik Yankelovich, and Sam Schwartz from Atlas Realty Group Partners LLC. The buyers in the transaction were the Kumar family, while the sellers were the Kelly family.