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673 East 32nd Street

Hershel Spitz Purchases East Flatbush Multifamily Property From Yehuda Cohen For $3.8M
SOLDMultiFamily

Hershel Spitz Purchases East Flatbush Multifamily Property From Yehuda Cohen For $3.8M

673 East 32nd Street

$3,800,000

$416/SF

Building Size

9,130 SF

Asset Type

MultiFamily

Closing

Feb 3, 2026

AI

The asset involved in this transaction is a multifamily property located at 673-675 East 32nd Street in the East Flatbush market. The sale concluded at a price of $3,800,000, encompassing a total square footage of 9,130, resulting in a price per square foot of $416.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,800,000
  • Address: 673-675 East 32nd Street
  • Market: East Flatbush
  • Square Footage: 9,130
  • Price Per Square Foot: $416
  • Buyer: Hershel Spitz
  • Seller: Yehuda Cohen
  • Brokers: Daniel O'Brien, Henry Hill & Caroline Hodes - Newmark

Key individuals involved in the transaction include buyer Hershel Spitz and seller Yehuda Cohen, with brokerage services provided by Daniel O'Brien, Henry Hill, and Caroline Hodes from Newmark, representing the parties in the deal.

Players

Caroline Hodes

Newmark

Broker

$1.8B

vol

94 deals

Broker

Yehuda Cohen

Seller

$43.6M

vol

11 deals

Seller

Brooklyn 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

4.17%

Cash-on-Cash

-1.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93