Updated Jul 23, 2026
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
About this deal
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.
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