SOLD
Jerry Resnick Acquires Multifamily Building On Linden Blvd. In Flatbush, Brooklyn For $2.6M
167 Linden Boulevard
MultiFamily
7,695 SF
7,695 SF
Sold 1 year ago
Summary
Sale
NEW YORK
MultiFamily
7,695 sqft
A 12-unit, 8,000 square foot multifamily building located at 167 Linden Blvd. in Flatbush, Brooklyn, has been sold for $2,600,000. The property, situated in a desirable market, offers a price per unit of $215,000 and a price per square foot of $325.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,600,000
- Date: 04/28/2022
- Address: 167 Linden Blvd.
- Market: Flatbush, Brooklyn
The buyer, Jerry Resnick, purchased the property from the seller, Janet Clarke. The sale was facilitated by brokers DJ Johnston and Jermaine Pugh of B6 Real Estate Advisors. Notably, at the time of closing, 11 out of the 12 units were vacant, presenting a significant opportunity for the new owner to add value to the property.
For more information on similar transactions or to connect with the brokers, please reach out to DJ Johnston at [email protected] or call/text 914-584-7422.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: DJ Johnston & Jermaine Pugh
DATE: 04/28/2022
ADDRESS: 167 Linden Blvd.
MARKET: Flatbush, Brooklyn
ASSET TYPE: Multifamily
BUYER: Jerry Resnick
SELLER: Janet Clarke
BROKERS: DJ Johnston (@B6RealEstate_JohnstonTeam) & Jermaine Pugh (@ThePughTeam_B6RealEstate) - B6 Real Estate Advisors (@B6RealEstate)
SALE PRICE: $2,600,000
UNITS: 12 ~ PPU: $215,000
SF: 7,980 ~ PPSF: $325
NOTE FROM BROKERS: Our team has successfully sold 167 Linden Boulevard, a 12-unit, 8,000 SF multifamily building in Flatbush, Brooklyn. At the time of closing, 11 of the 12 units were delivered vacant. The sales price of $2,600,000 reflects a price per existing SF of $325, a price per unit of $215,000, & a price per total buildable SF of $115.
If you own a similar building & would be curious to know how this transaction translates please connect with our team.
DJ Johnston [email protected] - 914-584-7422 (Call/Text)View on map
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Address167 Linden Boulevard
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