Silber Family Acquires 6-Unit Multifamily Property On Greene Avenue In New York City For $1.9M

The multifamily property located at 1877 Greene Avenue in New York City has been sold. The transaction took place on the 7th of December, 2022. The property consists of 6 units with a total area of 4,875 square feet. The sale price for the property was $1,900,000, resulting in a price per unit of $316,667. The price per square foot is calculated to be $390. The buyer of the property is Silber Family, while the seller is Victorino Family. The transaction was facilitated by broker Marcel Fridman from Barcel Group. It is worth noting that the building was delivered vacant at the time of closing.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,900,000
• Units: 6
• Price Per Unit: $316,667
• Square Feet: 4,875
• Price Per Square Foot: $390

Marcel Fridman from Barcel Group served as the broker for this transaction, representing both the buyer and the seller. The involvement of the Silber and Victorino families highlights the individuals behind the deal. The sale of this multifamily property represents an important transaction within the New York City market, indicating ongoing activity and investment in the area.