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30 Linden Boulevard, Little...

Moshe Greenzweig Acquires Multifamily Property In Flatbush, Brooklyn For $6.75M
SOLDMultiFamily

Moshe Greenzweig Acquires Multifamily Property In Flatbush, Brooklyn For $6.75M

30 Linden Boulevard, Little Caribbean, Brooklyn, NY, USA

$6,750,000

$159/SF

Building Size

42,231 SF

Asset Type

MultiFamily

Closing

Aug 2, 2020

AI

A multifamily property located at 30 Linden Blvd in Flatbush, Brooklyn has been sold for $6,750,000. The property spans a total of 42,231 square feet with a price per square foot of $159. It consists of 37 units, making the price per unit $182,432. The transaction took place on 08/02/2021 and the property is classified as a tax class 2 asset.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $6,750,000
  • Address: 30 Linden Blvd
  • Market: Flatbush, Brooklyn
  • Square Footage: 42,231
  • Price per Square Foot: $159
  • Number of Units: 37
  • Price per Unit: $182,432
  • Last Sale Price: $3,335,000 (03/2007)

Moshe Greenzweig was the buyer in this transaction, while Barry Rudofsky represented Bronstein Properties as the seller's representative. The previous sale of the property took place on 03/2007 for a price of $3,335,000.

Players

Barry Rudofsky

Bronstein Properties

Seller

$75.5M

vol

6 deals

Seller

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

2.35%

Cash-on-Cash

-0.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93