Moshe Piller pays $8M to Taube Management for property in Flatbush

Moshe Piller through the entity 205 Realty Holdings LLC paid Taube Management’s 205 East 17th Street, LLC $8.2 million for 205 East 17th Street in Flatbush. The deal closed on August 20, 2019, and was recorded on September 19, 2019. The transaction consists of 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 54 residential units. The property is 64,268 square feet. The parcel(s) have total development potential of 64,268 square feet.
The sale price per unit is $151,852.
The estimated cap rate is 2.6%

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