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1198 Greene Avenue, Brookly...

Parkview Properties Acquires Multifamily Property In Brooklyn For $1.03M
SOLDMultiFamily

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

Jonathan Loloi

The Nassimi Group

Broker

$9.4M

vol

6 deals

Broker
PP
Parkview PropertiesBuyer

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