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102 Avenue S

Atlas Realty Group Acquires Multifamily Property In Gravesend, Brooklyn For $1.58M
SOLDMultiFamily

Atlas Realty Group Acquires Multifamily Property In Gravesend, Brooklyn For $1.58M

102 Avenue S

$1,580,000

$213/SF

Building Size

7,400 SF

Asset Type

MultiFamily

Closing

Sep 12, 2023

AI

The multifamily property located at 102 Avenue S in Gravesend, Brooklyn has been sold. The property consists of 12 units with a total square footage of 7,400. The sale price for this asset was $1,580,000, resulting in a price per unit of $131,667 and a price per square foot of $214.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,580,000
  • Units: 12
  • Price per Unit: $131,667
  • Square Footage: 7,400
  • Price per Square Foot: $214
  • Address: 102 Avenue S, Gravesend, Brooklyn

The sellers of this property were the Sugrue Family Trust. The real estate transaction was facilitated by the Atlas Realty Group, with brokers Yosef Katz, Shlomo Antebi, Erik Yankelovich, and Nate Pilchick acting as representatives. These professionals played a crucial role in ensuring the successful completion of the deal.

Players

Erik Yankelovich

Atlas Realty Group

Broker

$1.1B

vol

128 deals

Broker

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.04%

Cash-on-Cash

-2.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93