Joseph Freund Acquires 6-Unit Multifamily In Bedford-Stuyvesant For $2.2M

Located at 133 Patchen Ave in Bedford-Stuyvesant, this multifamily building has recently been sold in a closed transaction. The property consists of 6 units spread over 5,200 square feet. The sale price for this free-market walk-up building was $2,200,000, which translates to a price per square foot of $423 and a price per unit of $366,666.

Summary of transaction details

• Property Type: Multifamily
• Sale Price: $2,200,000
• Units: 6
• Price Per Unit: $366,666
• Square Footage: 5,200
• Price Per Square Foot: $423
• Address: 133 Patchen Ave, Bedford-Stuyvesant
• Market: Bedford-Stuyvesant

The buyer in this transaction was Joseph Freund. The deal was facilitated by DJ Johnston from B6 Real Estate Advisors. The building was bank-owned and was delivered vacant at the time of the sale. It's worth noting that if you own a similar building and would like to understand how this transaction compares, you can reach out to DJ Johnston at [email protected] or call/text 914-584-7422.