Rave Family Purchases Multifamily Asset From Frankel Family For $710,000 In Brooklyn
SOLD
$710,000
New York
See Similar DealsMultiFamily5,200 SF
Sold 12/18/2025
SOLD
Rave Family Purchases Multifamily Asset From Frankel Family For $710,000 In Brooklyn
98 Linden Street
See Similar DealsMultiFamily5,200 SF
Sold 12/18/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$136
Total Square Footage:5,200 SF
Transaction Type:Sale
The property involved in this transaction is a multifamily asset located at 98 Linden Street, Brooklyn. The sale price was $710,000, with a total square footage of 5,200, equating to a price per square foot of $136.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $710,000
- Square Footage: 5,200
- Price Per Square Foot: $136
- Buyer: Rave Family
- Seller: Frankel Family
- Broker: Marcel Fridman - Barcel Group
The buyer in this transaction is the Rave Family, while the seller is the Frankel Family. The broker representing the sale is Marcel Fridman from Barcel Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$37,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,522.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,365.76
Annual Debt Service$40,389.15
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