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100 East 21st Street

Updated Dec 21, 2023

Marcel Fridman's Barcel Group Brokers $14.75M Multifamily Sale In Flatbush, Brooklyn
SOLDMultiFamily

Marcel Fridman's Barcel Group Brokers $14.75M Multifamily Sale In Flatbush, Brooklyn

100 East 21st Street

$14,750,000

$171/SF

Building Size

86,118 SF

Asset Type

MultiFamily

Closing

Dec 15, 2021

About this deal

AI

Located in Flatbush, Brooklyn, the multifamily property at 100 East 21st St. was recently sold for a price of $14,750,000. The sale, facilitated by broker Marcel Fridman of Barcel Group, involved a total of 84 units. With a price per unit of $175,595, the property spans an impressive 86,000 square feet, resulting in a price per square foot of $171. This transaction underscores the robust market in Flatbush, Brooklyn and highlights the demand for multifamily properties in the area.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $14,750,000
  • Units: 84
  • Price per Unit (PPU): $175,595
  • Square Footage (SF): 86,000
  • Price per Square Foot (PPSF): $171
  • Broker: Marcel Fridman - Barcel Group

Marcel Fridman from Barcel Group played a crucial role in the transaction as the broker representing the parties involved. The sale of this multifamily property showcases the expertise and negotiation skills of Marcel Fridman, contributing to a successful and lucrative deal for all parties involved.

Players

Marcel Fridman

Barcel Group

Broker

$468.3M

vol

146 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $171 per square foot on a published $14.8M for 86,118 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.08%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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