Simon Dushinsky Acquires Multifamily Asset At 945 Bergen Street For $18.8M From Valley National Bank

The property involved in this transaction is a multifamily asset located at 945 Bergen Street in Prospect Heights. The property has a sale price of $18,800,000 and encompasses a total square footage of 44,277, which translates to a price per square foot of $424.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $18,800,000
• Address: 945 Bergen Street
• Market: Prospect Heights
• Square Footage: 44,277
• Price Per Square Foot: $424
• Buyer: Simon Dushinsky
• Seller: Valley National Bank & Churchill Real Estate
• Brokers: Daniel O'Brien, Maurice Suede & Caroline Hodes - Newmark

The transaction was facilitated through a competitive auction process, successfully brokered by Newmark with the involvement of Maurice Suede, Daniel O'Brien, and Caroline Hodes. The deal represents a significant redevelopment opportunity for the historic Nassau Brewing Company facility.