Investors Trade Brooklyn Multifamily Bldg 35 Units Trade in Ditmas Park April 5, 2016

CoStar | March 9, 2016

A local developer acquired the 35-unit apartment building at 531 E. 22nd St. in Brooklyn, NY from private owners for $7 million, or $200,000 per unit.

Built in 1934, the six-story elevatored building is situated in Brooklyn’s Ditmas Park neighborhood, in close proximity to Prospect Park, Brooklyn College and Flatbush Avenue.

Daniel Shragaei with GFI Realty Services represented the seller. Please see CoStar COMPS #3532721 for more information on this transaction.

 

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