Exquisite Ventures Acquires Brooklyn Multifamily For $1.15M With 2 Units

The transaction involved a multifamily asset located in Brooklyn, with a sale price of $1,150,000. The property contains 2 units, having a price per unit of $575,000. The total square footage of the asset is 2,175 square feet, resulting in a price per square foot of $528.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $1,150,000
• Buyer: Exquisite Ventures - Sadiqur Rahman, CFO & Nicholas Khan, COO
• Units: 2
• PPU: $575,000
• SF: 2,175
• PPSF: $528
• Sale Date: 11/27/2024
• Market: Brooklyn

Exquisite Ventures is a private equity firm focused on providing passive returns for equity partners through investments in the New York City real estate market. They manage the entire process with their in-house construction company, Exquisite Designs, which handles renovations, their in-house brokerage that finds and sells properties, and Exquisite Abstract, which manages deal closings. The company is open to potential future collaborations.