PRC 1815 Beverley LLC paid $6M to 1815 Beverly Realty LLC

PRC 1815 Beverley LLC paid 1815 Beverly Realty LLC $5.9 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 30 residential units at 1815 Beverly Road in Flatbush. The deal closed on July 31, 2019 and was recorded on August 09, 2019. The parcel(s) have total development potential of 21,000 square feet.
The sale price per unit is $196,667..
The estimated cap rate is 1.9%
The last time the property sold was September 16, 2011, for $2,263,612.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $181,360.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link