Issac Weiss Acquires Multifamily Property In Flatbush, Brooklyn For $750K

The multifamily property located at 1064 Rogers Avenue in Flatbush, Brooklyn has been sold. The transaction took place on February 18, 2021. The property consists of 6 units with a total square footage of 4,800. The sale price for this property was $750,000, resulting in a price per unit of $125,000. The price per square foot was $156. The Gross Rent Multiplier (GRM) for this property is 9.57x and the Capitalization Rate (CAP) is 6.06%.

Summary of transaction details:

• Property Type: Multifamily
• Address: 1064 Rogers Avenue, Flatbush, Brooklyn
• Market: Flatbush, Brooklyn
• Buyer: Issac Weiss
• Seller: Agnes Singh
• Brokers: John Brennan & Samuel Finkler from The Brennan Team of Marcus & Millichap
• Sale Price: $750,000
• Units: 6
• Price per Unit: $125,000
• Square Footage: 4,800
• Price per Square Foot: $156
• Gross Rent Multiplier (GRM): 9.57x
• Capitalization Rate (CAP): 6.06%

John Brennan and Samuel Finkler, from The Brennan Team of Marcus & Millichap, represented the buyer and seller in this transaction.