The Reel

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A blog for breaking sales and neighborhood real estate news.

A pre-war walk-up apartment building at 1001 Avenue H located in the Flatbush neighborhood of Brooklyn was sold in an all cash transaction valued at $3,168,000 or $98 per square foot.

This 32,200 square foot apartment building sits on a 100’ x 100’ lot. There are 38 residential units. The sales price represented a 6.4% capitalization rate and $83,368 per unit.

Neighborhoods: Flatbush