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
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.
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