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419 Pennsylvania Avenue

Klein Family Acquires Multifamily Property From Fitzroy Peters For $950,000 In Brooklyn
SOLDMultiFamily

Klein Family Acquires Multifamily Property From Fitzroy Peters For $950,000 In Brooklyn

419 Pennsylvania Avenue

$950,000

$300/SF

Building Size

3,162 SF

Asset Type

MultiFamily

Closing

Jun 30, 2026

AI

The asset involved in this transaction is a multifamily property located at 419 Pennsylvania Avenue, Brooklyn. The sale price was $950,000, and the property comprises 3 units with a total square footage of 3,162. The price per unit is $316,666, while the price per square foot is $300.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $950,000
  • Units: 3
  • Square Footage: 3,162
  • Price Per Unit: $316,666
  • Price Per Square Foot: $300
  • Buyer: Klein Family
  • Seller: Fitzroy Peters
  • Broker: Isaiah Thomas - Matheos Realty Group

This transaction involved the Klein Family as the buyer and Fitzroy Peters as the seller, with Isaiah Thomas of Matheos Realty Group representing the seller in the deal.

Players

Isaiah Thomas

Matheos Realty Group

Broker

$77.9M

vol

18 deals

Broker

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

16.70%

Cash-on-Cash

-4.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93