Fred Bijou Of Bijou Equities Sells Two Multifamily Buildings In Brooklyn For $3.52M

The transaction involves two side-by-side vacant, free market, 3-family buildings located at 821 Quincy Street and 821A Quincy Street in Brooklyn. The properties traded off-market for a total sale price of $3,520,000, translating to $1,760,000 per building and a price per square foot of $533 for the total square footage of 6,600. Both buildings require full gut renovations, and the buyer intends to reposition them into high-end rentals.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,520,000
• Units: 6
• Price Per Unit: $586,667
• Square Footage: 6,600
• Price Per Square Foot: $533
• Broker: Fred Bijou - Bijou Equities

Fred Bijou sourced the properties directly and represents Bijou Equities in this transaction. The note emphasizes that they are looking to sell vacant buildings or assist buyers in finding value-add opportunities in Brooklyn or NYC.