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795 Linden Boulevard, 229 E...

Eli Perlstein Acquires East Flatbush Multifamily For $4M With Peter Matheos & Isaiah Thomas - Matheos Realty Group
SOLDMultiFamily

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

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.

Players

Isaiah Thomas

Matheos Realty Group

Broker

$76.9M

vol

17 deals

Broker

Market 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