Updated Dec 21, 2023
Atlas Realty Group Partners LLC Brokers Sell Brooklyn Multifamily For $2.48M
106 Avenue S, Brooklyn, NY 11223, USA
$2,480,000
$285/SF
Building Size
8,700 SF
Asset Type
MultiFamily
Closing
Oct 5, 2021
About this deal
AI
A multifamily property located at 106 Avenue S in Brooklyn has been sold for a total price of $2,480,000. The property consists of 12 units, with an average price per unit of $206,667. The total square footage of the property is 8,700, resulting in a price per square foot of $285.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,480,000
- Address: 106 Avenue S, Brooklyn
- Market: Brooklyn
The sellers of the property were the Kielmanowick Family. The sale was facilitated by brokers Shlomo Antebi, Yosef Katz, and Erik Yankelovich from Atlas Realty Group Partners LLC.
Players
New York 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
6.40%
Cash-on-Cash
-1.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93