Shimon Weber Acquires Multifamily Building From Oswald John In Bed-Stuy Brooklyn For $1M

This multifamily building located at 760 Marcy Avenue in Bed-Stuy, Brooklyn, was sold for a price of $1,000,000. The property comprises 8 units with a total square footage of 6,600. The price per unit was $125,000, and the price per square foot was $151.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,000,000
• Buyer: Shimon Weber
• Seller: Oswald John
• Units: 8
• Average Rent: $1,300
• Cap Rate: 6.5%
• Brokers: Derek Bestreich, Steve Reynolds, Tom Reynolds, Brian Davila, Noah Middlekauff & Joe Moravec - Investment Property Realty Group (IPRG)

The transaction was represented by the brokers from Investment Property Realty Group (IPRG), specifically Steve Reynolds and Noah Middlekauff, who played crucial roles in facilitating the deal.