facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

255 East 25th Street, Brook...

The Wilhelm Family Acquires Multifamily In East Flatbush For $2.6M
SOLDMultiFamily

The Wilhelm Family Acquires Multifamily In East Flatbush For $2.6M

255 East 25th Street, Brooklyn, NY 11226

$2,600,000

$124/SF

Building Size

20,880 SF

Asset Type

MultiFamily

Closing

Dec 17, 2021

AI

The multifamily property located at 255 East 25th Street in East Flatbush has been sold for $2,600,000. The property spans 20,880 square feet, resulting in a price per square foot of $124. The transaction took place on December 17, 2021. The property is zoned as R6.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,600,000
  • Address: 255 East 25th Street
  • Market: East Flatbush
  • Zoning: R6

The buyer in this transaction was The Wilhelm Family, while The Landsberg Family acted as the seller. The deal was facilitated by brokers Matt Fotis and Zachary Cohen from Marcus & Millichap.

Players

Matt Fotis

Marcus & Millichap

Broker

$609.4M

vol

112 deals

Broker

Landsberg Family

Seller

$6.8M

vol

2 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93