Sandra Blake Acquires Multifamily Property In East Flatbush For $842.5K
51 East 89th Street
$842,500
$315/SF
Building Size
2,667 SF
Asset Type
MultiFamily
Closing
Jul 20, 2022
AI
A multifamily property located at 51 E. 89th St. in East Flatbush has been sold in a recent transaction. The property consists of two units, with a total square footage of 2,667. The sale price for this transaction was $842,500, resulting in a price-per-unit (PPU) of $421,250 and a price-per-square-foot (PPSF) of $316.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $842,500
- Units: 2
- Price per Unit (PPU): $421,250
- Square Footage: 2,667
- Price per Square Foot (PPSF): $316
Sandra Blake has purchased the property from Sondra Glasgow. The deal was facilitated by the brokers from The Corcoran Group, namely Doron Berenholtz, Stephanie Ohayon, and Adam Gur-Arie. They represented both the buyer and the seller in this transaction.
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
18.83%
Cash-on-Cash
-5.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93