Moshe Berg Acquires Multifamily Property On 15 E. 89th St., East Flatbush, Brooklyn For $850K
15 East 89th Street, Brooklyn, New York 11236, United States
$850,000
$425/SF
Building Size
2,000 SF
Asset Type
MultiFamily
Closing
Mar 7, 2022
AI
The multifamily property located at 15 E. 89th St. in East Flatbush, Brooklyn has been sold for a total price of $850,000. The sale was completed on 03/08/2022.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $850,000
- Address: 15 E. 89th St.
- Market: East Flatbush, Brooklyn
The buyer, Moshe Berg, and the seller, Joslyn Lynch, successfully closed the deal. The transaction was facilitated by Doron Berenholtz from The Corcoran Group, who represented both parties involved.
The property consists of 2 units with a total square footage of 2,000. The price per unit is $425,000, and the price per square foot is also $425.
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
18.66%
Cash-on-Cash
-5.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93