Abead Realty Corp. Sells Condo In Brooklyn To Unknown Buyer For $4.2M
419 16th St, Brooklyn, NY, 11215
$4,200,000
$354/SF
Building Size
11,844 SF
Asset Type
Condo
Closing
Nov 30, 2020
About this deal
AI
The property involved in this transaction is a condo located at 419 16th St, Brooklyn, NY, 11215. The sale price of the condo was $4,200,000.00, and it encompasses a total area of 11,844 square feet. The asset sits within the Brooklyn market and features a building constructed in 1920, containing 16 apartments.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $4,200,000.00
- Square Footage: 11,844
- Address: 419 16th St, Brooklyn, NY, 11215
- Market: Brooklyn
- Seller: Abead Realty Corp.
- Seller's Representative: Michael Rosenblum-Berkshire Hathaway HomeServices
- Buyer: Unknown
In this transaction, The Manhattes Group announced the sale of the property, representing the buyer, a private investor, with Michael Sherman as the broker. The seller, Abead Realty Corp., was represented by Neil Dolgin and Michael Blum of Kalmon Dolgin.
On the Map
$4,200,000
$354/SF
Condo
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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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93