Updated Dec 21, 2023
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
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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