Victor Sozio & Dov Chein Of Ariel Property Advisors Facilitate Sale Of Multifamily In Prospect Lefferts Garden For $1.53M
1144 Nostrand Avenue
$1,535,000
$438/SF
Building Size
3,500 SF
Asset Type
MultiFamily
Closing
Feb 21, 2024
AI
The multifamily property located at 1144 Nostrand Avenue in Prospect Lefferts Garden was recently sold for $1,535,000. The property comprises 3 units with a total square footage of 3,500 square feet. This translates to a price per unit of $511,667 and a price per square foot of $439.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,535,000
- Units: 3
- Square Footage: 3,500
- Price Per Unit: $511,667
- Price Per Square Foot: $439
- Address: 1144 Nostrand Avenue
- Market: Prospect Lefferts Garden
- Brokers: Victor Sozio & Dov Chein - Ariel Property Advisors
Victor Sozio and Dov Chein of Ariel Property Advisors represented the parties involved in the sale of the multifamily property at 1144 Nostrand Avenue. Their expertise and negotiation skills played a crucial role in facilitating the transaction in the Prospect Lefferts Garden market.
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
10.33%
Cash-on-Cash
-2.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93