SOLDCondo
Will Kuchins And Alyssa Brody Of Powered By DMT Represent Buyer In $2.4M Brooklyn Condo Sale
1 City Point
$2,400,000
$2,094/SF
Building Size
1,146 SF
Asset Type
Condo
Closing
Apr 4, 2025
AI
The transaction involves a condo located at 1 City Point, Brooklyn. The sale was finalized for a price of $2,400,000, with a total square footage of 1,146 and a price per square foot of $2,094.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $2,400,000
- Square Footage: 1,146
- Price Per Square Foot: $2,094
- Buyer's Representative: Will Kuchins & Alyssa Brody - Powered By DMT
- Seller's Representative: Jane Betancourt - Extell Development
The deal was represented on the buyer's side by Will Kuchins and Alyssa Brody from Powered By DMT, while Jane Betancourt from Extell Development represented the seller.
Players
Brooklyn Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93