Updated Dec 21, 2023
Turan Llewellyn Acquires Multifamily Property In East Flatbush, Brooklyn For $1M
448 E 46th St, Brooklyn, NY 11203, USA
$1,000,000
$320/SF
Building Size
3,120 SF
Asset Type
MultiFamily
Closing
Jun 23, 2020
About this deal
AI
Located at 448 E 46th Street in East Flatbush, Brooklyn, this multifamily property was recently sold in a closed transaction. The property spans a total of 3,120 square feet, with a price per square foot of $320. It consists of 4 units, with each unit being sold at an average price of $250,000. The total sale price for the property was $1,000,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Market: East Flatbush, Brooklyn
The seller of this property was David & Leatha Michael, while the buyer was Turan Llewellyn. The broker representing this deal was Erik Rodriguez from Rodriguez Commercial Realty (@RCR_NY).
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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93