Updated Dec 4, 2024
Simran Sachdev & Suresh Kumar Sachdev Acquires 18-Unit Multifamily In Flatbush, Brooklyn For $7M
1915 Beverley Road
$7,000,000
Units
18
Asset Type
MultiFamily
Closing
Dec 19, 2023
About this deal
AI
A multifamily property located at 1915 Beverley Road in Flatbush, Brooklyn has been sold for $7 million. The property consists of 18 units, resulting in a price per unit of approximately $388,889. The transaction was completed by Simran Sachdev and Suresh Kumar Sachdev, operating through Sach Cap 1915 LLC, who acquired the property from the Parlanti Group's entity, 1915 Beverley LLC.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,000,000
- Units: 18
- Price per Unit: $388,889
Simran Sachdev and Suresh Kumar Sachdev, represented by Sach Cap 1915 LLC, purchased the 18-unit rental property at 1915 Beverley Road from the Parlanti Group's entity, 1915 Beverley LLC.
On the Map
$7,000,000
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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93