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

Property Image
SOLD
$6,750,000

New York

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MultiFamily42,231 SF
Sold 08/02/2020
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Property Image
SOLD

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

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

See Similar Deals
MultiFamily42,231 SF
Sold 08/02/2020
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$159
Total Square Footage:42,231 SF
Transaction Type:Sale

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
Barry Rudofsky
6 deals$75.5M volume
SELLER

Details

SOLD
IMAGE: Barry Rudofsky DATE: 08/02/2021 ADDRESS: 30 Linden Blvd MARKET: Flatbush, Brooklyn ASSET TYPE: Multifamily ~ TAX CLASS: 2 BUYER: Moshe Greenzweig SELLER: Barry Rudofsky - Bronstein Properties PRICE: $6,750,000 SF: 42,231 ~ PPSF: $159 UNITS: 37 ~ PPU: $182,432 LAST SALE PRICE: $3,335,000 (03/2007)

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$23,981.32
Cash-on-Cash Return-1.27%
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