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John Berg Acquires Multifamily Property In Clinton Hill From Asher Alin With 5 Boro Realty

Property Image
SOLD
$2,690,000

New York

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MultiFamily2,230 SF
Sold 04/25/2022
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Property Image
SOLD

John Berg Acquires Multifamily Property In Clinton Hill From Asher Alin With 5 Boro Realty

118 Ryerson Street, Brooklyn, New York 11205, United States

See Similar Deals
MultiFamily2,230 SF
Sold 04/25/2022
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,206
Total Square Footage:2,230 SF
Transaction Type:Sale

Located in Clinton Hill, the multifamily property at 118 Ryerson St. has recently been sold. The transaction took place on April 25, 2022, with a total sale price of $2,690,000. This property features two units and spans across 2,230 square feet. The price per unit stands at $1,345,000, while the price per square foot is $1,206. The buyer, John Berg, acquired the property from the seller, Asher Alin. The deal was facilitated by the brokerage firm 5 Boro Realty.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $2,690,000
  • Address: 118 Ryerson St.
  • Market: Clinton Hill
  • Buyer: John Berg
  • Seller: Asher Alin
  • Brokers: 5 Boro Realty
  • Units: 2
  • Price per Unit: $1,345,000
  • Square Footage: 2,230
  • Price per Square Foot: $1,206

Nina Sabag captured an image of this notable property. The transaction marks a significant milestone for all parties involved, as John Berg successfully acquired the property from Asher Alin, with support from 5 Boro Realty. This transaction highlights the ongoing activity and growth in the Clinton Hill market.

Players

Nina Sabag
22 deals$40.3M volume(855) 305-3325
BROKER

Details

SOLD
IMAGE: Nina Sabag DATE: 04/25/2022 ADDRESS: 118 Ryerson St. MARKET: Clinton Hill ASSET TYPE: Multifamily BUYER: John Berg SELLER: Asher Alin BROKERS: 5 Boro Realty (@5_Boro_Realty) SALE PRICE: $2,690,000 UNITS: 2 ~ PPU: $1,345,000 SF: 2,230 ~ PPSF: $1,206

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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,556.99
Cash-on-Cash Return-1.27%
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