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2156 Cortelyou Road

Zach Magid Acquires Multifamily Property At 2156 Cortelyou Road For $2.5M With Brokers Victor Sozio Jake Brody Lawrence Sarn
SOLDMultiFamily

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

Victor Sozio

Ariel Property Advisors

Broker

$2.3B

vol

111 deals

Broker
Ariel Property Advisors
Ariel Property AdvisorsBrokerage

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