Updated Dec 19, 2023
The Minkoff Family Acquires Multifamily Property In Cobble Hill, Brooklyn For $4.25M
115 Congress St, Brooklyn, NY 11201, USA
$4,250,000
$85/SF
Building Size
50,000 SF
Asset Type
MultiFamily
Closing
May 28, 2020
About this deal
AI
The multifamily property located at 115 Congress Street in Cobble Hill, Brooklyn has been sold for $4,250,000. The property spans across 5,000 square feet, resulting in a price per square foot of $850. It consists of 4 units, with a price per unit of $1,062,500.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,250,000
- Square footage: 5,000
- Price per square foot: $850
- Number of units: 4
- Price per unit: $1,062,500
The seller of the property is Maribel Figueredo, while the buyer is The Minkoff Family. The deal was facilitated by brokers Peter Von Der Ahe, Shaun Riney, and Mike Salvatico from NewYorkMultifamily.
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
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93