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
About this deal
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.
On the Map
$2,650,000
$2,038/SF
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Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $2K per square foot on a published $2.7M for 1,300 square feet (2021).
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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