Chestnut Holdings Acquires Multifamily Property In East Flatbush For $10.69M With Buyer's Rep Matt Fotis & Zachary Cohen
SOLD
$10,690,000
New York
See Similar DealsMultiFamily66,045 SF
Sold 11/22/2021
SOLD
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
See Similar DealsMultiFamily66,045 SF
Sold 11/22/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$161
Total Square Footage:66,045 SF
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$570,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$37,979.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,676.05
Annual Debt Service$608,112.65
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