Two multifamily buildings trade in Sunset Park for $5.3M

Vjm89, LLC paid Kevin J McGinley’s 5219 5th Ave., LLC $5.3 million for 5223 5th Avenue, 5219 5th Avenue in Sunset Park. The deal closed on November 1, 2019, and was recorded on November 18, 2019. The transaction consists of 2 parcels, including the tax class multifamily, more than six families with stores (C7) and containing 13 residential units.
The sale price per unit is $403,846.
The estimated cap rate is 5.4%

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