Zach Magid Acquires Multifamily Property At 2156 Cortelyou Road For $2.5M With Brokers Victor Sozio Jake Brody Lawrence Sarn
2156 Cortelyou Road
$2,500,000
$289/SF
Building Size
8,641 SF
Asset Type
MultiFamily
Closing
Dec 7, 2025
AI
The multifamily asset located at 2156 Cortelyou Road in Flatbush, Brooklyn, has been sold for $2,500,000. The property comprises 13 units, with a price per unit of $192,307. It spans a total square footage of 8,641, resulting in a price per square foot of $289.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,500,000
- Units: 13
- Price Per Unit: $192,307
- Square Feet: 8,641
- Price Per Square Foot: $289
- Buyer: Zach Magid
- Broker Representatives: Victor Sozio, Jake Brody & Lawrence Sarn - Ariel Property Advisors
The transaction involved Zach Magid as the buyer, while Victor Sozio, Jake Brody, and Lawrence Sarn represented the seller in the deal through Ariel Property Advisors. They facilitated the transaction for this multifamily property, ensuring the completion of the sale on 12/8/2025.
Players
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93