Brooklyn Condo At 605 Lorimer Street Sold For $8.345M With Natanel Malkoukian & Leah Azizian As Brokers
605 Lorimer Street
$8,345,000
$1,586/SF
Building Size
5,260 SF
Asset Type
Condo
Closing
Jul 31, 2024
AI
The property involved in the transaction is a condo located at 605 Lorimer Street in Brooklyn. The sale price was $8,345,000, and it encompasses a total square footage of 5,260, resulting in a price per square foot (PPSF) of $1,586.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $8,345,000
- Square Footage: 5,260
- Price per Square Foot: $1,586
- Market: Brooklyn
- Brokers: Natanel Malkoukian & Leah Azizian - Reavis
- Date of Sale: 7/30/2024
All units in the condo development went into contract sold Pre-TCO, with 6 out of 7 in contract before the first listing went live on the 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
1.90%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93