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1471 Brooklyn Avenue, Brook...

Isaac Matayev From Asset Commercial Realty Group Sells Multifamily Property On Brooklyn Ave. For $1.78M
SOLDMultiFamily

Isaac Matayev From Asset Commercial Realty Group Sells Multifamily Property On Brooklyn Ave. For $1.78M

1471 Brooklyn Avenue, Brooklyn, New York 11210, United States

$1,782,000

$247/SF

Building Size

7,200 SF

Asset Type

MultiFamily

Closing

Mar 15, 2022

AI

Located in East Flatbush, the multifamily property at 1471 & 1473 Brooklyn Ave. recently changed hands in a closed transaction. The sale, facilitated by Isaac Matayev of Asset Commercial Realty Group, took place on March 16, 2022. The property spans 7,200 square feet and consists of 6 units. With a sale price of $1,782,000, the price per unit comes out to approximately $297,000. The price per square foot is estimated to be $247.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,782,000
  • Address: 1471 & 1473 Brooklyn Ave.
  • Market: East Flatbush
  • Units: 6
  • Price per unit: $297,000
  • Square Feet: 7,200
  • Price per square foot: $247

This successful transaction was made possible through the efforts of Jacob Bickel, the seller, and Isaac Matayev of Asset Commercial Realty Group, who served as the broker. Within 24 hours of retaining an exclusive and completing a single showing, the property was quickly put into contract. For those interested in selling their properties, Isaac Matayev can be reached at 347-684-0037 or [email protected].

Players

Isaac Matayev

Asset CRG Advisors

Broker

$122.3M

vol

11 deals

Broker

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

8.90%

Cash-on-Cash

-2.54%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93