Smith Family Acquires Multifamily Property In East Flatbush, Brooklyn
SOLD
$5,400,000
+ 1
New York
See Similar DealsMultiFamily30,884 SF
Sold 03/17/2022
SOLD
Smith Family Acquires Multifamily Property In East Flatbush, Brooklyn
210 East 51st Street, Brooklyn, New York 11203, United States
See Similar DealsMultiFamily30,884 SF
Sold 03/17/2022
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$174
Total Square Footage:30,884 SF
Transaction Type:Sale
210 E. 51st St. in East Flatbush, Brooklyn recently sold for $5,400,000. The multifamily property consists of 40 units, with each unit priced at $135,000. The total square footage of the property is 30,884, resulting in a price per square foot of $174.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,400,000
- Units: 40
- Price per Unit: $135,000
- Square Footage: 30,884
- Price per Square Foot: $174
Zalman Yarmush, Shaun Riney, and Dan Greenblatt from Marcus & Millichap represented both the buyer, Smith Family, and the seller, Rosenberg Family, in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$288,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,185.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,598.75
Annual Debt Service$307,185.06
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