Updated Dec 21, 2023
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
About this deal
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
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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93