LMR Properties Acquires Two-Building Package In East Flatbush For $2.5M

A two-building package in East Flatbush has been sold for $2,500,000. The property consists of 15 apartments with a total area of 13,635 square feet. The sale price per square foot is $183.35. The buildings are located at 1118 Lenox Road and 632 E 96th Street.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,500,000
• Market: East Flatbush
• Address: 1118 Lenox Road & 632 E 96th Street

The seller of the property is Jeff Steltzer, while the buyer is LMR Properties, represented by Mendel Mochkin. The transaction was facilitated by Brian Underkofler, Steve Reynolds, Derek Bestreich, and Tom Reynolds from BRG_CRE.

This deal represents a successful transaction in East Flatbush, involving a package of two buildings. The sale of these 15 apartments signifies the growth and potential of the multifamily market in this neighborhood.