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Superior Realty Group Acquires Multifamily Asset In Brooklyn From SRMC Management For $1.65M

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SOLD
$1,650,000

New York

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MultiFamily3,280 SF
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SOLD

Superior Realty Group Acquires Multifamily Asset In Brooklyn From SRMC Management For $1.65M

1522 61st Street

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MultiFamily3,280 SF
Sold
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$503
Total Square Footage:3280 SF
Transaction Type:Sale

The multifamily property located at 1522 61st Street in Brooklyn has been sold for $1,650,000. It comprises 4 units and totals 3,280 square feet, resulting in a price per unit of $412,500 and a price per square foot of $503.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,650,000
  • Address: 1522 61st Street
  • Market: Brooklyn
  • Units: 4
  • Square Footage: 3,280
  • Price Per Unit: $412,500
  • Price Per Square Foot: $503
  • Buyer: Superior Realty Group
  • Seller: SRMC Management
  • Brokers: Zachary Fuchs - GFI Realty Services

Zachary Fuchs of GFI Realty Services represented the buyer, Superior Realty Group, while the seller, SRMC Management, completed the transaction. The involvement of these parties facilitated the sale in the Brooklyn market.

Players

Zachary Fuchs
62 deals$322.8M volume
BROKER

Michael Weiser
GFI Realty Services
33 deals$512.7M volume
BROKER

GFI Realty Services
BROKERAGE

Details

SOLD
IMAGE: Zachary Fuchs & Michael Weiser DATE: 6/10/2025 ADDRESS: 1522 61st Street MARKET: Brooklyn ASSET TYPE: Multifamily BUYER: Superior Realty Group SELLER: SRMC Management BROKERS: Zachary Fuchs (@ZacharyDFuchs) - GFI Realty Services (@GFIRealty) SALE PRICE: $1,650,000 UNITS: 4 ~ PPU: $412,500 SF: 3,280 ~ PPSF: $503

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$88,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10