Michael Weiser Of GFI Realty Services LLC Sells 50-Unit Multifamily In East Flatbush For $8.9M
SOLD
$8,925,000
New York
See Similar DealsMultiFamily37,325 SF
Sold
SOLD
Michael Weiser Of GFI Realty Services LLC Sells 50-Unit Multifamily In East Flatbush For $8.9M
715 East 32nd Street, Brooklyn, New York 11210, United States
See Similar DealsMultiFamily37,325 SF
Sold
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$239
Total Square Footage:37325 SF
Transaction Type:Sale
A multifamily property located at 715 East 32nd Street in East Flatbush has been sold for a total price of $8,925,000. This property consists of 50 units with a price per unit of $178,500. The total square footage of the property is 37,325, with a price per square foot of $239.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,925,000
- Address: 715 East 32nd Street
- Market: East Flatbush
The buyer's representative for this transaction was Josh Orlander. On the other hand, Michael Weiser from GFI Realty Services LLC represented the seller. These individuals played a crucial role in facilitating the deal and ensuring a successful transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$475,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,708.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,309.05
Annual Debt Service$507,708.64
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