Jo-Ann Obergfell Of 59 Bogart LLC Acquires 51-Unit Multifamily At 315 Seigel Street For $30M

The property involved in the transaction is a multi-family residential building located at 315 Seigel Street in East Williamsburg, Brooklyn. The sale price for the 53,200-square-foot asset was $30,000,000, translating to a price per square foot of $564. The building contains 51 residential units, resulting in a price per unit of $588,235.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $30,000,000
• Square Footage: 53,200
• Price Per Square Foot: $564
• Units: 51
• Price Per Unit: $588,235
• Seller: Jeremy Salzberg - Sugar Hill Capital Partners
• Buyer: Jo-Ann Obergfell - 59 Bogart LLC

Jo-Ann Obergfell, representing 59 Bogart LLC, was involved in the acquisition of the multi-family residential building from Jeremy Salzberg, who represented Sugar Hill Capital Partners in the transaction.