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
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.
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
20.47%
Cash-on-Cash
-5.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93