Guy Peleg Purchases Multifamily Property At 1004-1006 Gates Avenue Brooklyn For $8.5M

The asset involved in this transaction is a multifamily property located at 1004-1006 Gates Avenue in Brooklyn. The sale was finalized for $8,500,000, encompassing a total square footage of 19,130, resulting in a price per square foot of $444.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,500,000
• Address: 1004-1006 Gates Avenue
• Market: Brooklyn
• Square Footage: 19,130
• Price Per Square Foot: $444
• Buyer: Guy Peleg
• Debt Restructuring Advisor: Shlomo Chopp
• Seller's Rep: Patrick Madigan, Frederick Richter, Joseph Moran & Miles Davis-Bosch - Avison Young

Shlomo Chopp of CASE and Avison Young represented the unnamed seller in the short sale and disposition of the property. For any distressed buying, selling, or advisory opportunities, reach out to Fritz Richter.