Parkview Properties Acquires Multifamily Property In Brooklyn For $1.03M
1198 Greene Avenue, Brooklyn, NY 11221, USA
$1,034,000
$219/SF
Building Size
4,719 SF
Asset Type
MultiFamily
Closing
Jun 18, 2020
AI
Located at 1198 Greene Avenue in Brooklyn, this multifamily property recently changed hands in a sale transaction. The property spans a total of 4,719 square feet, offering ample space for residents. The transaction took place on June 18, 2021, with a sale price of $1,034,000, resulting in a price per square foot of $219. The buyer of the property was Parkview Properties, while Maria Almanzar acted as the seller.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,034,000
- Address: 1198 Greene Avenue, Brooklyn
- Market: Brooklyn
The deal was facilitated by brokers Jonathan Loloi and Richard Nassimi from The Nassimi Group, representing the buyer and seller respectively. Both brokers played pivotal roles in ensuring a successful transaction. It's worth noting that The Nassimi Group is actively seeking to acquire various asset types, including office, retail, mixed-use, and multifamily properties in Manhattan and all the boroughs. For any potential deals, interested parties are encouraged to contact Jonathan Loloi at [email protected].
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
15.34%
Cash-on-Cash
-4.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93