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1210 East 72nd Street

Gusty Marquis Acquires Multifamily Property From Seller Jay Smith In Bergen Beach For $1.19M
SOLDMultiFamily

Gusty Marquis Acquires Multifamily Property From Seller Jay Smith In Bergen Beach For $1.19M

1210 East 72nd Street

$1,190,000

$345/SF

Building Size

3,448 SF

Asset Type

MultiFamily

Closing

May 9, 2024

AI

The multifamily property located at 1210 East 72nd Street in Bergen Beach, Brooklyn, was sold for $1,190,000. The property consists of 3 units with a total of 3,448 square feet, resulting in a price per unit of $396,667 and a price per square foot of $345.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,190,000
  • Units: 3
  • Price Per Unit: $396,667
  • Square Footage: 3,448
  • Price Per Square Foot: $345
  • Address: 1210 East 72nd Street
  • Market: Bergen Beach, Brooklyn

Gusty Marquis acquired the property from Jay Smith. The transaction was facilitated by Victor Althkefati and Nina Sabag from 5 Boro Realty, representing the buyer and the seller in the deal.

Players

Nina Sabag

5 Boro Realty

Broker

$40.3M

vol

22 deals

Broker

Brooklyn 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

13.33%

Cash-on-Cash

-3.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93