Updated Dec 20, 2023
Issac Weiss Acquires Multifamily Property In Flatbush, Brooklyn For $750K
1064 Rogers Avenue, Little Caribbean, Brooklyn, NY, USA
$750,000
$156/SF
Building Size
4,800 SF
Asset Type
MultiFamily
Closing
Feb 17, 2021
About this deal
AI
The multifamily property located at 1064 Rogers Avenue in Flatbush, Brooklyn has been sold. The transaction took place on February 18, 2021. The property consists of 6 units with a total square footage of 4,800. The sale price for this property was $750,000, resulting in a price per unit of $125,000. The price per square foot was $156. The Gross Rent Multiplier (GRM) for this property is 9.57x and the Capitalization Rate (CAP) is 6.06%.
Summary of transaction details:
- Property Type: Multifamily
- Address: 1064 Rogers Avenue, Flatbush, Brooklyn
- Market: Flatbush, Brooklyn
- Buyer: Issac Weiss
- Seller: Agnes Singh
- Brokers: John Brennan & Samuel Finkler from The Brennan Team of Marcus & Millichap
- Sale Price: $750,000
- Units: 6
- Price per Unit: $125,000
- Square Footage: 4,800
- Price per Square Foot: $156
- Gross Rent Multiplier (GRM): 9.57x
- Capitalization Rate (CAP): 6.06%
John Brennan and Samuel Finkler, from The Brennan Team of Marcus & Millichap, represented the buyer and seller in this transaction.
Players
Brooklyn 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
21.15%
Cash-on-Cash
-6.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93