Yosef Beer Acquires 4-Unit Condo Conversion In Fort Greene, BK For $1.675M
SOLD
$1,675,000
New York
See Similar Deals4,496 SF
Sold 07/22/2019
SOLD
Yosef Beer Acquires 4-Unit Condo Conversion In Fort Greene, BK For $1.675M
184 Adelphi St, Brooklyn, NY 11205, USA
See Similar Deals4,496 SF
Sold 07/22/2019
Summary
NEW YORK
Price Per Square Foot:$372
Total Square Footage:4,496 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$89,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,950.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,940.35
Annual Debt Service$95,284.25
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