Eli Perlstein Acquires East Flatbush Multifamily For $4M With Peter Matheos & Isaiah Thomas - Matheos Realty Group
SOLD
$4,000,000
New York
See Similar DealsMultiFamily25,240 SF
Sold 02/07/2023
SOLD
Eli Perlstein Acquires East Flatbush Multifamily For $4M With Peter Matheos & Isaiah Thomas - Matheos Realty Group
795 Linden Boulevard, 229 E52nd Street
See Similar DealsMultiFamily25,240 SF
Sold 02/07/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$158
Total Square Footage:25,240 SF
Transaction Type:Sale
A multifamily property located at 795 Linden Boulevard and 229 E52nd Street in East Flatbush has been sold for $4,000,000. The property consists of 32 units with a price per unit of $125,000. The total square footage of the property is 25,240, with a price per square foot of $158.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,000,000
- Units: 32
- Price Per Unit: $125,000
- Square Footage: 25,240
- Price Per Square Foot: $158
- Address: 795 Linden Boulevard & 229 E52nd Street
- Market: East Flatbush
Eli Perlstein has been identified as the buyer in this transaction. The brokers involved in the deal are Peter Matheos and Isaiah Thomas from Matheos Realty Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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