The Sohayegh Family Acquires Boerum Hill Multifamily Property for $3.05M
The Sohayegh Family purchases an 8-unit multifamily property in Boerum Hill from Legacy Equities for $3.05M with the help of Marcus & Millichap brokers Shaun Riney, Michael Salvatico, Andrew Bronsteen, and Robbie Ferman.
The Sohayegh Family has added to their real estate portfolio with the acquisition of a multifamily property in Boerum Hill. The property, located at 452 Atlantic Avenue, was sold by Legacy Equities for $3.05M. The deal was facilitated by Marcus & Millichap brokers Shaun Riney, Michael Salvatico, Andrew Bronsteen, and Robbie Ferman.
The property consists of 8 units, with an average price per unit of 381,250. The total square footage of the property is 6,000, with an average price per square foot of 508. The property is located in the Boerum Hill neighborhood, which has seen a surge in popularity in recent years due to its proximity to downtown Brooklyn and its charming brownstone-lined streets.
The Sohayegh Family is a well-known real estate investment firm with a diverse portfolio of properties throughout the New York City area. Legacy Equities, the seller, is a real estate development and investment firm with a focus on the New York City market.
The deal was praised by the brokers involved, who credited the successful transaction to the hard work of their legal team. “Another great job by @Ggeorgaklis of @Gm_Law_Ny & @Siminoulaw getting this done,” noted the brokers in a statement.
Overall, the acquisition of this Boerum Hill property is a smart move for the Sohayegh Family, as it adds to their already impressive portfolio of properties in the New York City area. With the help of their trusted brokers, they were able to secure a great deal on a property in a highly desirable neighborhood.