facebook
Traded Co logo
Submit

Robert Raphael Acquires Multifamily Property In East Flatbush, Brooklyn For $2.9M

Property Image
SOLD
$2,900,000
Daniel Greenblatt
Shaun Riney
+ 1

New York

See Similar Deals
MultiFamily212,840 SF
Sold 02/28/2020
the dealplayerscompscontact
Property Image
SOLD

Robert Raphael Acquires Multifamily Property In East Flatbush, Brooklyn For $2.9M

397 E 49th St, Brooklyn, NY 11203, USA

See Similar Deals
MultiFamily212,840 SF
Sold 02/28/2020
Daniel Greenblatt
Shaun Riney
+ 1
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$13
Total Square Footage:212,840 SF
Transaction Type:Sale

A multifamily property located at 397 East 49th Street in East Flatbush, Brooklyn has been sold for a total price of $2,900,000. The property spans a total square footage of 21,284 and is comprised of 34 units. The price per square foot comes out to be $136. The seller of the property is Wendy Redhead, while the buyer is Robert Raphael. The transaction was facilitated by Shaun Riney, Dan Greenblatt, and Zalman Yarmush from Marcus & Millichap.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,900,000
  • Square Footage: 21,284
  • Price per Square Foot: $136
  • Number of Units: 34
  • Seller: Wendy Redhead
  • Buyer: Robert Raphael
  • Brokers: Shaun Riney, Dan Greenblatt, Zalman Yarmush – Marcus & Millichap

The individuals and companies involved in this deal include Shaun Riney, Dan Greenblatt, and Zalman Yarmush from Marcus & Millichap. They represented the buyer, seller, landlord, or tenant in this transaction.

Players

Zalman Yarmush
25 deals$90.8M volume(347) 534-7267
BROKER

Daniel Greenblatt
Marcus & Millichap
69 deals$263.4M volume
BROKER

Shaun Riney
Marcus & Millichap
357 deals$1.8B volume(718) 475-4369
BROKER

Details

SOLD
IMAGE: Dan Greenblatt, Shaun Riney, Zalman Yarmush DATE: 02/28/2020 ADDRESS: 397 East 49th Street MARKET: East Flatbush, Brooklyn ASSET TYPE: Multifamily SALE PRICE: $2,900,000 SF: 21,284 PPSF: $136 UNITS: 34 SELLER: Wendy Redhead BUYER: Robert Raphael BROKERS: Shaun Riney, Dan Greenblatt, Zalman Yarmush – Marcus & Millichap NOTE: The building was in AEP and had […]

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$154,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
Annual Debt Service$164,969.75