Jerry Resnick Acquires Multifamily Building On Linden Blvd. In Flatbush, Brooklyn For $2.6M
167 Linden Boulevard, Brooklyn, New York 11226, United States
$2,600,000
$337/SF
Building Size
7,695 SF
Asset Type
MultiFamily
Closing
Apr 27, 2022
AI
A 12-unit, 8,000 square foot multifamily building located at 167 Linden Blvd. in Flatbush, Brooklyn, has been sold for $2,600,000. The property, situated in a desirable market, offers a price per unit of $215,000 and a price per square foot of $325.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,600,000
- Date: 04/28/2022
- Address: 167 Linden Blvd.
- Market: Flatbush, Brooklyn
The buyer, Jerry Resnick, purchased the property from the seller, Janet Clarke. The sale was facilitated by brokers DJ Johnston and Jermaine Pugh of B6 Real Estate Advisors. Notably, at the time of closing, 11 out of the 12 units were vacant, presenting a significant opportunity for the new owner to add value to the property.
For more information on similar transactions or to connect with the brokers, please reach out to DJ Johnston at [email protected] or call/text 914-584-7422.
Players
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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93