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Jerry Resnick Acquires Multifamily Building On Linden Blvd. In Flatbush, Brooklyn For $2.6M

Property Image
SOLD
$2,600,000
Jermaine Pugh

New York

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MultiFamily7,695 SF
Sold 04/28/2022
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Property Image
SOLD

Jerry Resnick Acquires Multifamily Building On Linden Blvd. In Flatbush, Brooklyn For $2.6M

167 Linden Boulevard, Brooklyn, New York 11226, United States

See Similar Deals
MultiFamily7,695 SF
Sold 04/28/2022
Jermaine Pugh
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$337
Total Square Footage:7,695 SF
Transaction Type:Sale

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

DJ Johnston
102 deals$493.3M volume(914) 584-7422
BROKER

Jermaine Pugh
Matthews
24 deals$86.1M volume(201) 850-0762
BROKER

B6 Real Estate Advisors
BROKERAGE

Details

SOLD
IMAGE: DJ Johnston & Jermaine Pugh DATE: 04/28/2022 ADDRESS: 167 Linden Blvd. MARKET: Flatbush, Brooklyn ASSET TYPE: Multifamily BUYER: Jerry Resnick SELLER: Janet Clarke BROKERS: DJ Johnston (@B6RealEstate_JohnstonTeam) & Jermaine Pugh (@ThePughTeam_B6RealEstate) - B6 Real Estate Advisors (@B6RealEstate) SALE PRICE: $2,600,000 UNITS: 12 ~ PPU: $215,000 SF: 7,980 ~ PPSF: $325 NOTE FROM BROKERS: Our team has successfully sold 167 Linden Boulevard, a 12-unit, 8,000 SF multifamily building in Flatbush, Brooklyn. At the time of closing, 11 of the 12 units were delivered vacant. The sales price of $2,600,000 reflects a price per existing SF of $325, a price per unit of $215,000, & a price per total buildable SF of $115. If you own a similar building & would be curious to know how this transaction translates please connect with our team. DJ Johnston [email protected] - 914-584-7422 (Call/Text)

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