Po Chan Acquires Multifamily Building At 934 Sterling Place Brooklyn For $1.65M

The multifamily asset located at 934 Sterling Place in Brooklyn was sold for $1,650,000. The property consists of 8 units with a total square footage of 7,516. The price per unit is $206,250 and the price per square foot is $219. The building includes 7 Rent Stabilized units and 1 Free Market unit, with one unit being vacant at the time of closing.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,650,000
• Buyer: Po Chan
• Seller: Adam Heller
• Brokers: Peter Matheos, Isaiah Thomas & Nazaih Arroyo - Matheos Realty Group
• Units: 8
• Square Footage: 7,516
• Price per Unit: $206,250
• Price per Square Foot: $219

The transaction was represented by Peter Matheos, Isaiah Thomas, and Nazaih Arroyo from Matheos Realty Group, providing expertise in the multifamily real estate market for both the buyer and the seller during this deal.