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
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