Petagay Heaven Acquires Multifamily Property On Albany Ave In East Flatbush For $1.09M

Located in East Flatbush, the property at 944 Albany Ave. recently changed hands in a closed transaction. The multifamily asset, situated in an R5 zoning area, comprises a total of 2 units spanning 1,848 square feet. The sale took place on 04/01/2021, with Petagay Heaven as the buyer and Tamir Dahan as the seller. The transaction was facilitated by Nina Sabag from 5 Boro Realty.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,090,000
• Address: 944 Albany Ave.
• Market: East Flatbush
• Zoning: R5

The property was listed with an asking price of $1,100,000 and sold for $1,090,000, resulting in a sale price of $589 per square foot. The previous sale of the property occurred in January 2020, fetching a lower price of $475,000.

Petagay Heaven, the buyer, successfully acquired the property, while Tamir Dahan served as the seller in this transaction. Nina Sabag from 5 Boro Realty represented both parties, facilitating the deal between the buyer and the seller.