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Chenzhong Jiang & Jianyin Chen Acquire Multifamily Asset From John Vitale & John Vitale Jr For $1.67M

Property Image
SOLD
$1,670,000

New York

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MultiFamily3,465 SF
Sold 12/30/2025
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Property Image
SOLD

Chenzhong Jiang & Jianyin Chen Acquire Multifamily Asset From John Vitale & John Vitale Jr For $1.67M

2277 East 24th Street

See Similar Deals
MultiFamily3,465 SF
Sold 12/30/2025
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$482
Total Square Footage:3,465 SF
Transaction Type:Sale

The property asset involved in this transaction is a multifamily building located at 2277 East 24th Street in Brooklyn. The sale price of the property was $1,670,000, which includes 3 units. The total square footage of the building is 3,465, resulting in a price per unit of $556,666 and a price per square foot of $481.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,670,000
  • Units: 3
  • Square Footage: 3,465
  • Price Per Unit: $556,666
  • Price Per Square Foot: $481
  • Buyer: Chenzhong Jiang & Jianyin Chen
  • Seller: John Vitale & John Vitale Jr
  • Broker Representatives: Vito Angelo & Billy Apter - Re/Max
  • Date of Transaction: 12/30/2025

The key individuals involved in the deal include buyers Chenzhong Jiang and Jianyin Chen, along with sellers John Vitale and John Vitale Jr. The transaction was facilitated by brokers Vito Angelo and Billy Apter from Re/Max, who are noted as top-producing agents in the real estate market.

Players

Vito Angelo
38 deals$77.9M volume(718) 887-5708
BROKER

Alex Beaton
Newmark
6 deals$502.1M volume
BROKER

Billy Apter
Re/Max
33 deals$66.3M volume(347) 721-6599
BROKER

Re/Max
BROKERAGE

Details

SOLD
IMAGE: Vito Angelo DATE: 12/30/2025 ADDRESS: 2277 East 24th Street MARKET: Brooklyn ASSET TYPE: Multifamily BUYER: Chenzhong Jiang & Jianyin Chen SELLER: John Vitale & John Vitale Jr BROKERS: Vito Angelo (@TheVitoAngeloShow) (@VitoAngeloSellsBrooklyn) & Billy Apter - Re/Max (@TheRealEstateaTeamProf) SALE PRICE: $1,670,000 UNITS: 3 ~ PPU: $556,666 SF: 3,465 ~ PPSF: $481 NOTE FROM BROKER: Top Producing Agents! Your Home Maybe Worth More Than You Think! Call today to speak with One of our Top Selling Agents Vito Angelo ~ 718-887-5708 or Billy Apter ~ 347-721-6599 Free Real Estate Market Appraisal!

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,933.17
Cash-on-Cash Return-1.27%
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