Updated Dec 21, 2023
Atlas Realty Group Partners LLC Brokers Sell Multifamily Property In Midwood For $4.15M
1205 Ocean Avenue, Brooklyn, New York 11230, United States
$4,150,000
$177/SF
Building Size
23,400 SF
Asset Type
MultiFamily
Closing
Jun 6, 2022
About this deal
AI
A multifamily property located at 1205 Ocean Ave in Midwood has been sold for a price of $4,150,000. The property consists of 23 units with an average price per unit of $180,434. It spans a total area of 23,400 square feet, resulting in a price per square foot of $177.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,150,000
- Address: 1205 Ocean Ave
- Market: Midwood
The seller of the property is the Charles Family. The sale was facilitated by Yosef Katz, Erik Yankelovich, and Shlomo Antebi from Atlas Realty Group Partners LLC.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.82%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93