Farshid Bakhshinazar Acquires Multifamily Asset From Gregory Pinn In East New York For $1.35M

The property involved in this transaction is a multi-family asset located at 745 Pennsylvania Avenue in East New York, Brooklyn. The sale price for the property was $1,350,000, which encompasses 5 residential units. The total square footage of the asset is 4,020, resulting in a price per unit of $270,000 and a price per square foot of $335.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $1,350,000
• Address: 745 Pennsylvania Avenue
• Market: East New York, Brooklyn
• Units: 5
• Price Per Unit: $270,000
• Square Footage: 4,020
• Price Per Square Foot: $335
• Buyer: Farshid Bakhshinazar
• Seller: Gregory Pinn
• Brokers: Derek Bestreich, Steve Reynolds, Tom Reynolds & Brian Davila - Investment Property Realty Group (IPRG)

Key individuals involved in this transaction include the buyer Farshid Bakhshinazar and the seller Gregory Pinn. The brokerage team representing the parties consists of Derek Bestreich, Steve Reynolds, Tom Reynolds, and Brian Davila from Investment Property Realty Group (IPRG), who facilitated this transaction.