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119 Congress Street, Cobble...

Lindsay Abrams Acquires Resi Condo In Cobble Hill For $2.65M
SOLD

Lindsay Abrams Acquires Resi Condo In Cobble Hill For $2.65M

119 Congress Street, Cobble Hill, Brooklyn, NY, USA

$2,650,000

$2,038/SF

Building Size

1,300 SF

Asset Type

Closing

Aug 30, 2021

AI

Located at 119 Congress Street in Cobble Hill, this residential condo was sold on August 30, 2021. The property spans 1,300 square feet, offering a comfortable living space for its residents. The sale price for this condo was $2,650,000, resulting in a price per square foot of $2,038.

Summary of transaction details

  • Property Type: Residential Condo
  • Transaction Amount: $2,650,000
  • Address: 119 Congress Street, Cobble Hill

Lindsay Abrams purchased this condo, while Alex Meshechok sold it. The buyer was represented by Jaime Richichi from Nestseekers, and the seller was represented by Jack Chiu from The_Maroni_Team and DouglasElliman.

Players

Jack Chiu

Douglas Elliman

Broker

$9.7M

vol

3 deals

Broker

New York CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.99%

Cash-on-Cash

-1.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93