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
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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