Avi Singer Of HF Capital Acquires Bay Ridge Multifamily From Richard LeFrak For $24.4M

The asset involved in this transaction is a multifamily property located at 7410-7420 Ridge Boulevard in the Bay Ridge market of Brooklyn. The sale was executed for a total of $24,400,000, encompassing 166 residential units, which translates to a price per unit of $146,988.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $24,400,000
• Address: 7410-7420 Ridge Boulevard
• Market: Bay Ridge, Brooklyn
• Units: 166
• PPU: $146,988
• Buyer: Avi Singer - HF Capital
• Seller: Richard LeFrak - LeFrak

This transaction highlights Avi Singer representing HF Capital as the buyer and Richard LeFrak representing LeFrak as the seller, facilitating the sale of the multifamily building comprising 166 units in a strategic Brooklyn location.