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

The property asset involved in this transaction is a multifamily building located at 692 Henry St. in the Red Hook market. The sale price was $1,625,000 for an asset consisting of 8 units. The total square footage of the property is 5,000, resulting in a price per unit of $203,125 and a price per square foot of $325.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,625,000
• Units: 8
• Square Footage: 5,000
• Price Per Unit: $203,125
• Price Per Square Foot: $325
• Buyer: Kumar Family
• Seller: Kelly Family
• Brokers: Shlomo Antebi, Yosef Katz, Erik Yankelovich & Sam Schwartz - Atlas Realty Group Partners LLC

The deal was facilitated by a team of brokers from Atlas Realty Group Partners LLC, comprising Shlomo Antebi, Yosef Katz, Erik Yankelovich, and Sam Schwartz, who represented both the buyer, the Kumar Family, and the seller, the Kelly Family, in this transaction.