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1144 Nostrand Avenue

Updated Dec 4, 2024

Bilt advertisement
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

About this deal

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

$2.5B

vol

117 deals

Broker

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $438 per square foot on a published $1.5M for 3,500 square feet (2024).

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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

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