Updated Oct 28, 2024
United Lubavitcher Yeshiva Sells East Flatbush Multifamily For $4.05M With Atlas Realty Group Partners LLC Brokers
472 East 48th Street, East Flatbush, Brooklyn, NY, USA
$4,050,000
$172/SF
Building Size
23,548 SF
Asset Type
MultiFamily
Closing
Nov 22, 2021
About this deal
AI
The multifamily property located at 472 East 48th Street in East Flatbush has been sold for a total of $4,050,000. The seller of the property was United Lubavitcher Yeshiva. The transaction took place on November 22, 2021. The property consists of 30 units, with a price per unit of $135,000. The total square footage of the property is 23,548, resulting in a price per square foot of $171.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,050,000
- Units: 30
- Price per Unit: $135,000
- Square Footage: 23,548
- Price per Square Foot: $171
The transaction was facilitated by the brokers Shlomo Antebi, Yosef Katz, and Erik Yankelovich from Atlas Realty Group Partners LLC.
Players
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Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.92%
Cash-on-Cash
-1.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93