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184 Adelphi St, Brooklyn, N...

Yosef Beer Acquires 4-Unit Condo Conversion In Fort Greene, BK For $1.675M
SOLD

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

Andrew Bronsteen

Marcus & Millichap

Broker

$271M

vol

65 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

360 deals

Broker

Yosef Beer

Buyer

$42.5M

vol

7 deals

Buyer

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

9.47%

Cash-on-Cash

-2.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93