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
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