Yosef Beer Acquires 4-Unit Condo Conversion In Fort Greene, BK For $1.675M
184 Adelphi St, Brooklyn, NY 11205, USA
$1,675,000
$372/SF
Building Size
4,496 SF
Asset Type
—
Closing
Jul 21, 2019
AI
184 Adelphi Street, located in Fort Greene, BK, has been sold for a price of $1,675,000. This property is a stalled 2-unit 4 story condo conversion, spanning a total area of 4,496 square feet. The price per square foot comes out to be $373. The buyer of this property is Yosef Beer, while the seller is Jeffrey Van Nostrand.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,675,000
- Square Footage: 4,496
- Price per Square Foot: $373
- Address: 184 Adelphi Street, Fort Greene, BK
- Market: Fort Greene, BK
The brokers involved in this deal are Shaun Riney and Andrew Bronsteen from Marcus & Millichap. They played a crucial role in facilitating the transaction between the buyer and the seller.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.47%
Cash-on-Cash
-2.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93