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118 Ryerson Street, Brookly...

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

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

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

$2,690,000

$1,206/SF

Building Size

2,230 SF

Asset Type

MultiFamily

Closing

Apr 24, 2022

AI

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

5 Boro Realty

Broker

$40.3M

vol

22 deals

Broker

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

5.90%

Cash-on-Cash

-1.69%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93