Updated Oct 29, 2024
Signature Management & Associates Acquires Property At 1222 Rogers Ave Brooklyn For $3.1M
1222 Rogers Ave, Brooklyn, NY, 11226
$3,100,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 19, 2023
About this deal
AI
The property involved in the transaction is located at 1222 Rogers Ave, Brooklyn, NY, 11226. The sale price was $3,100,000.00. The property is situated in the Brooklyn market and the square footage is not specified.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $3,100,000.00
- Address: 1222 Rogers Ave, Brooklyn, NY, 11226
- Market: Brooklyn
- Buyer: Signature Management & Associates
- Seller: Castellan Real Estate Partners
- Buyer's Representatives: Brian Underkofler - Investment Property Realty Group (IPRG), Erik Rodriguez
Brian Underkofler and Erik Rodriguez represented Signature Management & Associates in this transaction, while Castellan Real Estate Partners acted as the seller. The involvement of these brokers highlights the professional collaboration during this closed property transaction.
On the Map
$3,100,000
MultiFamily
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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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93