Fahri Ozturk, Richard Gatto & David Ferber CPAs Broker $10.95M West New York Portfolio Multifamily Sale

The West New York Portfolio, consisting of properties located at 226 66th Street, 220 51st Street, and 160 59th Street, has been sold in a recent transaction. This multifamily asset, situated in West New York, was part of a sale facilitated by Fahri Ozturk, Richard Gatto, and David Ferber. The sale price for this portfolio amounted to $10,950,000, and it comprised a total of 66 units. With a per unit price of $165,909, the transaction exhibited a 4.96% capitalization rate.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $10,950,000
• Units: 66
• Price Per Unit: $165,909
• Capitalization Rate: 4.96%

Fahri Ozturk, Richard Gatto, and David Ferber, CPA, played key roles in the transaction as brokers representing the parties involved. Their expertise and professional assistance were instrumental in finalizing the deal for the West New York Portfolio.