Alex Hakan Acquires Ocean Hill Multifamily From Velma Boyce For $1.35M

The multifamily property located at 218 Hull Street in Ocean Hill, Brooklyn has been sold in a closed transaction. The property consists of 8 units and spans a total area of 7,600 square feet. The sale price for this transaction was $1,350,000, resulting in a price per square foot of $177. The buyer, Alex Hakan, purchased the property from the seller, Velma Boyce.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,350,000
• Address: 218 Hull Street
• Market: Ocean Hill, Brooklyn
• SF: 7,600
• PPSF: $177
• Units: 8
• Buyer: Alex Hakan
• Seller: Velma Boyce

The deal was facilitated by Bestreich Realty Group, represented by Derek Bestreich, Steve Reynolds, Tom Reynolds, and Brian Davila. They acted as brokers in the transaction, assisting both the buyer and the seller.