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Jack Cheng Acquires Multifamily Property In Sunset Park, Brooklyn For $1.8M

559 51st Street
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This MultiFamily property located in NY was sold almost 6 years ago. The brokers of the deal were Richard Sodeke and John Brennan

In a recent closed property transaction in Sunset Park, Brooklyn, a multifamily building located at 559 51st Street was sold for $1,800,000. This property has a price per square foot (PPSF) of $405 and a price per unit (PPU) of $300,000.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,800,000
  • PPSF: $405
  • PPU: $300,000
  • Address: 559 51st Street, New York

The seller of this property was John Kielbasa, while the buyer was Jack Cheng. The transaction was facilitated by Marcus & Millichap, with John Brennan and Richard Sodeke from the agency representing the parties involved in the deal.

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Deals
  • Location
    559 51st St, Brooklyn, NY 11220, USA559 51st St, Brooklyn, NY 11220, USA
  • Area
    5,090 SF5,090 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Richard Sodeke

Richard Sodeke

Deals3
Sold$2.4M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

Deal Summary

IMAGE: John Brennan and Richard Sodeke DATE: 04/24/2018 ADDRESS: 559 51st Street CITY: New York MARKET: Sunset Park, Brooklyn ASSET TYPE: Multifamily PRICE: $1,800,000 PPSF: $405 PPU: $300,000 SELLER: John Kielbasa BUYER: Jack Cheng BROKER: Marcus & Millichap – John Brennan and Richard Sodeke

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559 51st Street

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