Will Kuchins & Alyssa Brody Of Development Marketing Team Represent Sale Of Condo In Brooklyn For $2.865M
34 North 7th Street
$2,865,000
$1,859/SF
Building Size
1,541 SF
Asset Type
Condo
Closing
Feb 3, 2025
AI
The property involved in this transaction is a condo located at 34 North 7th Street in Brooklyn. It was sold for a total price of $2,865,000, encompassing an area of 1,541 square feet. The price per square foot for this asset stands at $1,859.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $2,865,000
- Square Footage: 1,541
- Price Per Square Foot: $1,859
- Address: 34 North 7th Street
- Market: Brooklyn
- Brokers: Will Kuchins & Alyssa Brody - Development Marketing Team
The deal was represented by Will Kuchins and Alyssa Brody, who are members of the Development Marketing Team. Their involvement indicates a focused approach to the intricacies of condo transactions within the Brooklyn market.
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
5.54%
Cash-on-Cash
-1.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93