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Foreign investors & Flatbush apartment buildings

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This is an interesting story about a recent 6 building sale, 4 of which are in Flatbush. A Swedish investment co payed $125m for 378 units, which works out to about 330k per apartment. 


I have a feeling this will result in the kinds of shenanigans regularly occurring elsewhere, in the attempt to force old tenants out and raise rents, etc, etc. 

Interesting to note the comments, always entertaining on therealdeal, where people say stuff like "Linden Blvd & Flatbush Avenue - at night? Walk home from the subway at 1am and tell me about it."

Most of the commenters seem to think that the buyer overpaid. 

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