Two Trees Management Sells Condo At 8 South 4th Street Brooklyn For $2.45M With Buyer's Rep Nile Lundgren & Sarah Cotty
SOLD
New York
See Similar DealsCondo1,418 SF
Sold 07/28/2025
SOLD
Two Trees Management Sells Condo At 8 South 4th Street Brooklyn For $2.45M With Buyer's Rep Nile Lundgren & Sarah Cotty
8 South 4th Street
See Similar DealsCondo1,418 SF
Sold 07/28/2025
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$1,727
Total Square Footage:1,418 SF
Transaction Type:Sale
The property involved in this transaction is a condo located at 8 South 4th Street in Brooklyn. The sale price of the condo was $2,450,000, with a total square footage of 1,418 and a price per square foot of $1,727.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $2,450,000
- Square Footage: 1,418
- Price per Square Foot: $1,727
- Address: 8 South 4th Street
- Market: Brooklyn
- Seller: Two Trees Management
- Buyer’s Representative: Nile Lundgren & Sarah Cotty - Serhant
The deal was managed by Nile Lundgren and Sarah Cotty, who represented the buyer during the transaction, working on behalf of Serhant. The seller of the property was Two Trees Management, a known entity in the real estate sector.
Players
BROKERAGE
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$130,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,704.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,614.25
Annual Debt Service$139,371.00
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