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Sinai Sassouni Acquires Multifamily Property In Bushwick For $2.9M

522 Evergreen Avenue
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This MultiFamily property located in NY was sold for $2,926,000 over 2 years ago. The brokers of the deal were Matthew (Matt) Gillis, Daniel Mahfar, and Matthew Davis

This multifamily property located at 522 Evergreen Avenue in Bushwick was recently sold in a closed transaction. The property, with a total square footage of 5,612, features 8 units. The sale price for this transaction was $2,926,000, resulting in a price per square foot of $521. The buyer, Sinai Sassouni, represented by 522 Evergreen Partners, acquired the property from the seller, David Shaulian.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,926,000
  • Address: 522 Evergreen Avenue, Bushwick
  • Market: Bushwick
  • Asset Type: Multifamily
  • Zoning: R6
  • Tax Class: 2B

The deal was facilitated by the brokers Matthew Gillis, Matthew Davis, and Daniel Mahfar from Ariel Property Advisors, who represented both the buyer and seller in the transaction. The price per unit in this transaction was approximately $365,750.

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  • Location
    522 Evergreen Avenue, Bushwick, Brooklyn, NY, USA522 Evergreen Avenue, Bushwick, Brooklyn, NY, USA
  • Sale Price
    $2,926,000$2,926,000
    $521 PPSF$521 PPSF
  • Area
    5,612 SF5,612 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 2 Agencies3 Brokers, 2 Agencies

Agents

Matthew Davis

Matthew Davis

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Sold$49.4M

Agencies

Ariel Property Advisors

Ariel Property Advisors

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Volume$7B

Cushman & Wakefield

Cushman & Wakefield

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Deal Summary

SALE IMAGE: Matthew Gillis, Matthew Davis & Daniel Mahfar DATE: 08/05/2021 ADDRESS: 522 Evergreen Avenue MARKET: Bushwick ASSET TYPE: Multifamily ~ ZONING: R6 ~ TAX CLASS: 2B BUYER: Sinai Sassouni (@SJSassouni) - 522 Evergreen Partners SELLER: David Shaulian BROKERS: Matthew Gillis (@MatthewlGillis), Matthew Davis & Daniel Mahfar (@DMahfar_Real_Estate) - Ariel Property Advisors (@ArielPA.NYC) SALE PRICE: $2,926,000 SF: 5,612 ~ PPSF: $521 UNITS: 8 ~ PPU: $365,750

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522 Evergreen Avenue

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