PRC 1900 Newkirk LLC paid $8M to 1900 Newkirk Realty LLC

PRC 1900 Newkirk LLC paid 1900 Newkirk Realty LLC $8.4 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 36 residential units at 1900 Newkirk Avenue in Flatbush. The deal closed on July 31, 2019 and was recorded on August 13, 2019. The parcel(s) have total development potential of 41,310 square feet.

The sale price per unit is $233,333..
The estimated cap rate is 1.5%
The last time the property sold was September 19, 2011, for $3,180,480.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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