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167 Linden Boulevard, Brook...

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

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

DJ Johnston

Matthews

Broker

$493.3M

vol

102 deals

Broker
B6 Real Estate Advisors
B6 Real Estate AdvisorsBrokerage

Jerry Resnick

Buyer

$4.3M

vol

2 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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