Saleh Eshcheh Maan Purchases Multifamily Property From Annette Sanderson For $1,652,626 In Brooklyn

The property asset involved in the transaction is a multifamily unit located at 289 Gates Avenue in Brooklyn. The sale price of the property was $1,652,626, comprising 2 units and spanning a total square footage of 2,560. The price per unit was $826,313, and the price per square foot was $645.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,652,626
• Address: 289 Gates Avenue
• Market: Brooklyn
• Units: 2
• Price Per Unit: $826,313
• Square Footage: 2,560
• Price Per Square Foot: $645
• Buyer: Saleh Eshcheh Maan
• Seller: Annette Sanderson
• Buyer’s Representative: Farhad Bakhshi Nazar - Bridge Advisory Group
• Seller’s Representative: Joshua Malekan - Bridge Advisory Group

This transaction was notable for its swift closure in 2 weeks, executed as an all-cash deal. Bridge Advisory Group played a significant role in securing premium pricing for this product, showcasing their expertise in the market for vacant and value-add assets. The unique narrative and potential of the property contributed to its full ask delivery.