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582 E 53rd St, Brooklyn, NY...

Firoz Uddin Acquires Multifamily Property In East Flatbush, Brooklyn
SOLDMultiFamily

Firoz Uddin Acquires Multifamily Property In East Flatbush, Brooklyn

582 E 53rd St, Brooklyn, NY 11203, USA

$870,000

$28/SF

Building Size

30,710 SF

Asset Type

MultiFamily

Closing

Jul 21, 2020

AI

The multifamily property located at 582 East 53rd Street in East Flatbush, Brooklyn has been sold in a closed transaction. The property spans 3,071 square feet and was listed for sale at an asking price of $929,000. The final sale price for the property was $870,000, resulting in a price per square foot of $283.

Summary of transaction details

  • Property Type: Multifamily
  • Address: 582 East 53rd Street, East Flatbush, Brooklyn
  • Asking Price: $929,000
  • Sale Price: $870,000
  • Square Footage: 3,071
  • Price Per Square Foot: $283

The buyer of the property is Firoz Uddin, while the seller is Zalman Friedman. The deal was facilitated by brokers Doron Berenholtz and Stephanie Ohayon.

Players

Doron Berenholtz

The Corcoran Group

Broker

$16.5M

vol

16 deals

Broker

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

18.23%

Cash-on-Cash

-5.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93