David Chang Acquires Multifamily Property From Nelson Kim In Brooklyn For $2.625M

The asset involved in this transaction is a multifamily property located at 866 Bushwick Avenue in Brooklyn. The sale price was $2,625,000, which translates to $875,000 per unit for its three units. The total square footage of the property is 3,800, resulting in a price per square foot of $690.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,625,000
• Units: 3
• Price Per Unit: $875,000
• Square Footage: 3,800
• Price Per Square Foot: $690
• Buyer: David Chang
• Seller: Nelson Kim
• Buyer's Representative: David Chang & Natalia Harvey - Compass
• Seller's Representative: Mark Martov - The Corcoran Group

The transaction involved key individuals such as David Chang and Natalia Harvey representing the buyer, while Mark Martov represented the seller. This collaboration led to the successful transfer of ownership in this multifamily asset.