Jack Cheng Acquires Sunset Park Multifamily For $1.58M

A multifamily property located at 759 52nd St. in Sunset Park was recently sold in a closed transaction. The property consists of 6 units and spans a total area of 3,016 square feet. The sale price for the property was $1,580,000, resulting in a price per unit of $263,333 and a price per square foot of $523.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $1,580,000
• Units: 6
• Price per Unit: $263,333
• Square Footage: 3,016
• Price per Square Foot: $523
• Address: 759 52nd St.
• Market: Sunset Park

Jack Cheng is the buyer of the property, while Charles Hanlan is the seller. The transaction was facilitated by John Brennan and Matt Dittmeier, representatives from Marcus & Millichap.