Howard Lin Acquires Multifamily Property On Bay Ridge Ave. For $1.42M

The multifamily property located at 75 Bay Ridge Ave. in the Bay Ridge market has been sold. The transaction took place on September 29, 2022. The property, with a total square footage of 2,504, consists of 2 units. The sale price for this property was $1,420,000, resulting in a price per unit of $710,000. The price per square foot for this transaction was $567. The buyer of the property is Howard Lin, and the seller is the Estate of Ronald Olsen. The deal was facilitated by Jerry Tenenbaum from Top Nest Properties.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,420,000
• Address: 75 Bay Ridge Ave.
• Market: Bay Ridge
• Units: 2
• Price per Unit: $710,000
• Square Footage: 2,504
• Price per Square Foot: $567
• Buyer: Howard Lin
• Seller: Estate of Ronald Olsen
• Broker: Jerry Tenenbaum - Top Nest Properties

This property was sold within 7 days of being listed, receiving multiple offers over the asking price. The quick sale is a testament to the desirability of the property and the efficient work of Jerry Tenenbaum from Top Nest Properties.