Firoz Uddin Acquires Multifamily Property In East Flatbush, Brooklyn
SOLD
$870,000
New York
See Similar DealsMultiFamily30,710 SF
Sold 07/22/2020
SOLD
Firoz Uddin Acquires Multifamily Property In East Flatbush, Brooklyn
582 E 53rd St, Brooklyn, NY 11203, USA
See Similar DealsMultiFamily30,710 SF
Sold 07/22/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$28
Total Square Footage:30,710 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$46,399.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,090.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,124.24
Annual Debt Service$49,490.93
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