Updated Sep 9, 2024
Eli Perlstein Acquires East Flatbush Multifamily For $4M With Peter Matheos & Isaiah Thomas - Matheos Realty Group
795 Linden Boulevard, 229 E52nd Street
$4,000,000
$158/SF
Building Size
25,240 SF
Asset Type
MultiFamily
Closing
Feb 7, 2023
About this deal
AI
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.
On the Map
$4,000,000
$158/SF
MultiFamily
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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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93