Updated Sep 9, 2024
Sol Zimmerman Acquires 6-unit Multifamily Property In Flatbush For $775,000
1827 Nostrand Ave. Brooklyn, NY 11226, USA
$775,000
$170/SF
Building Size
4,560 SF
Asset Type
MultiFamily
Closing
Jun 7, 2023
About this deal
AI
A multifamily property located at 1827 Nostrand Avenue in Flatbush has been sold for a price of $775,000. The property consists of 6 units with an average price per unit of $129,167. The total square footage of the property is 4,560, resulting in a price per square foot of $170.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $775,000
- Address: 1827 Nostrand Avenue
- Market: Flatbush
- Units: 6
- Price per Unit: $129,167
- Square Footage: 4,560
- Price per Square Foot: $170
The buyer of the property is Sol Zimmerman, while the deal was represented by Peter Matheos and Isaiah Thomas from Matheos Realty Group.
On the Map
$775,000
$170/SF
MultiFamily
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Brooklyn 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
20.47%
Cash-on-Cash
-5.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93