Updated Dec 20, 2023
Abraham Jeremias Acquires Multifamily Property In Flatbush For $8M
2005 Albemarle Rd, Brooklyn, NY 11226, USA
$8,000,000
$14/SF
Building Size
548,260 SF
Asset Type
MultiFamily
Closing
Nov 24, 2019
About this deal
AI
The multifamily property located at 2005 Albemarle Road in Flatbush has been sold for a price of $8,000,000. The property spans across 54,826 square feet, with a price per square foot of $145. It consists of 53 units, resulting in a price per unit of $150,943.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,000,000
- Square Footage: 54,826
- Price per Square Foot: $145
- Number of Units: 53
- Price per Unit: $150,943
The buyer for this transaction is Abraham Jeremias, while the seller is Eric Silverstein.
On the Map
$8,000,000
$14/SF
MultiFamily
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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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93