Landau Real Estate Acquires Multi-Family Property In Borough Park, Brooklyn For $15M
SOLD
$15,000,000
New York
See Similar DealsMultiFamily57,600 SF
Sold 09/04/2018
SOLD
Landau Real Estate Acquires Multi-Family Property In Borough Park, Brooklyn For $15M
5520 15th Ave, Brooklyn, NY 11219, USA
See Similar DealsMultiFamily57,600 SF
Sold 09/04/2018
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$260
Total Square Footage:57,600 SF
Transaction Type:Sale
The multi-family property located at 5520 15th Avenue in Borough Park, Brooklyn has been sold for a total price of $15,000,000. The property has a total square footage of 57,600, resulting in a price per square foot of $260. The transaction was completed on September 4, 2018.
Summary of transaction details:
- Property Type: Multi Family
- Transaction Amount: $15,000,000
- Address: 5520 15th Avenue, Borough Park, Brooklyn
- Market: Borough Park, Brooklyn
- Square Footage: 57,600
- Price Per Square Foot: $260
The seller of the property was Weinstock Realty, LLC, represented by Michael Weinstock. The buyer, Landau Real Estate, completed the purchase with the assistance of Rosewood Realty Group. Michael Guttman and Aaron Jungreis from Rosewood Realty Group acted as the buyer's representatives, while Michael Weinstock represented the seller.
Players
BUYER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$799,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$53,291.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,107.65
Annual Debt Service$853,291.83
Is there something missing? Send suggestions