An apartment building at 365 East 21st Street, located between Beverly and Albemarle Roads in Brooklyn’s Flatbush neighborhood, was sold in an all-cash transaction valued at $650,000.
The four-story walk-up building contains approximately 6,720 square feet and sits on a 20’ x 120’ lot. It consists of eight rent stabilized units, and the sale price equates to approximately $97 per square foot.
“The seller was pleased with this all-cash transaction at a 6.35% cap rate,” said Massey Knakal’s Nick Mahedy, who exclusively handled this transaction with Guthrie Garvin.
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Neighborhoods: Flatlands