Alex Lebowitz And Ethan Bloomberg Acquire Multifamily Properties In Brooklyn For $6.3M

The transaction involved the sale of two multifamily properties located at 49 Cedar Street and 51 Cedar Street in Brooklyn. The properties were sold for $6,300,000 and consist of 16 units across 11,000 square feet. Each unit features private outdoor space, and the buildings include amenities such as roof decks, gyms, and laundry facilities. The sale reflects a price per unit of $393,750 and a price per square foot of $572.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,300,000
• Units: 16
• Square Footage: 11,000
• Price Per Unit: $393,750
• Price Per Square Foot: $572
• Buyer: Alex Lebowitz & Ethan Bloomberg - Partners Path Capital
• Seller: Minotaur Management
• Seller's Representative: Josh Philips - Minotaur Management
• Brokerage: Baruch Edelkopf & Bryan Altamirano - Schuckman Realty

The deal was facilitated by Baruch Edelkopf and Bryan Altamirano from Schuckman Realty Inc, who announced the off-market sale. The properties were noted as newly constructed free market buildings, indicative of the evolving real estate landscape in Bushwick, Brooklyn.