Schneider Family Sells 24-Unit Multifamily Asset At 53 Quebec Road For $5,700,000

53 Quebec Road is a multifamily property located in Island Park, NY, comprising 24 units and covering a total square footage of 18,260. The asset was sold for $5,700,000, which translates to a price per unit of $237,500 and a price per square foot of $312.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $5,700,000
• Units: 24
• Square Footage: 18,260
• Price per Unit: $237,500
• Price per Square Foot: $312
• Address: 53 Quebec Road
• Market: Island Park
• Seller: Schneider Family
• Broker: Michael Tuccillo - Marcus & Millichap

Michael Tuccillo of Marcus & Millichap represented the seller, the Schneider Family, in this transaction. The Tuccillo Group is prepared to assist with future opportunities similar to this asset.