Chestnut Holdings Acquires Multifamily Property In East Flatbush For $10.69M With Buyer's Rep Matt Fotis & Zachary Cohen
3413 Avenue H, Brooklyn, NY, USA
$10,690,000
$161/SF
Building Size
66,045 SF
Asset Type
MultiFamily
Closing
Nov 22, 2021
AI
A multifamily property located at 3413 Avenue H in East Flatbush has been sold for a price of $10,690,000. The property spans a total area of 66,045 square feet and has a price per square foot of $161. This transaction took place on November 22, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,690,000
- Address: 3413 Avenue H
- Market: East Flatbush
- Zoning: R6
The buyer in this transaction was Chestnut Holdings. 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
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93