1171 Flatbush Associates LLC paid $6M to 1169 Flatbush LLC

1171 Flatbush Associates LLC paid 1169 Flatbush LLC $5.6 million for 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 24 residential units at 1169 Flatbush Avenue in Flatbush. The deal closed on August 05, 2019 and was recorded on August 12, 2019. The parcel(s) have total development potential of 44,617 square feet.
The sale price per unit is $233,333..
The estimated cap rate is 2.8%
The last time the property sold was October 27, 2011, for $2,450,000.

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