Sol Zimmerman Acquires 6-unit Multifamily Property In Flatbush For $775,000
SOLD
$775,000
New York
See Similar DealsMultiFamily4,560 SF
Sold 06/07/2023
SOLD
Sol Zimmerman Acquires 6-unit Multifamily Property In Flatbush For $775,000
1827 Nostrand Ave. Brooklyn, NY 11226, USA
See Similar DealsMultiFamily4,560 SF
Sold 06/07/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$170
Total Square Footage:4,560 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$41,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,753.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,673.90
Annual Debt Service$44,086.74
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