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
$8,925,000
$239/SF
Building Size
37,325 SF
Asset Type
MultiFamily
Closing
Dec 27, 2021
AI
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.
Players
New York 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
1.78%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93