Updated Oct 29, 2024
Associated Beth Rivka School For Girls Acquires 10-Unit Multifamily Building In East Flatbush For $6.2M
474 E New York Ave Brooklyn, NY 11225, USA
$6,200,000
$812/SF
Building Size
7,633 SF
Asset Type
MultiFamily
Closing
Jul 6, 2023
About this deal
AI
The Associated Beth Rivka School for Girls has acquired a 10-unit residential elevator building in East Flatbush, Brooklyn for $6.2 million. Located at 474 East New York Avenue, the property offers 7,633 square feet of built space.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,200,000
- Address: 474 East New York Avenue
- Market: East Flatbush, Brooklyn
- Buyer: Associated Beth Rivka School for Girls - Yitzchak Orimland
- Seller: Sholom Goldstein
- Units: 10
- Price Per Unit: $620,000
- Square Footage: 7,633
- Price Per Square Foot: $812
The acquisition was made by the Associated Beth Rivka School for Girls, represented by Yitzchak Orimland. The seller in this transaction was Sholom Goldstein.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93