Jemal family trades Midwood home for $14M

The family behind real estate investment and management company JJ Operating Inc. sold a home in Midwood, Brooklyn, for a whopping $13.6 million.  Samuel and Isaac Jemal sold a property at 1151 East Seventh Street to a buyer whose identity is shielded by a shell company, 18 Midwood Owner LLC, according to public records. The deal was more than four times the amount the Jemals paid for the home when they bought it for $3 million in 2016. The deal appears to have been off-market, and few details about the property are publicly available. Listing descriptions on Zillow and Realtor.com […] This article originally appeared on The Real Deal. Click here to read the full story.