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1144 Nostrand Avenue

Victor Sozio & Dov Chein Of Ariel Property Advisors Facilitate Sale Of Multifamily In Prospect Lefferts Garden For $1.53M
SOLDMultiFamily

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:

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

Victor Sozio

Ariel Property Advisors

Broker

$2.3B

vol

111 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

10.33%

Cash-on-Cash

-2.95%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93