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
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