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
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