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Signature Management & Associates Acquires Property At 1222 Rogers Ave Brooklyn For $3.1M

Property Image
SOLD
$3,100,000

New York

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MultiFamily
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Property Image
SOLD

Signature Management & Associates Acquires Property At 1222 Rogers Ave Brooklyn For $3.1M

1222 Rogers Ave, Brooklyn, NY, 11226

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MultiFamily
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale

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

Brian Underkofler
11 deals$27.9M volume(718) 360-8825
BROKER

Erik Rodriguez
Rodriguez Commercial Realty
19 deals$46.3M volume
BROKER

Castellan Real Estate Partners
SELLER

Details

SOLD
IMAGE: 1222 Rogers Ave, Brooklyn, NY, 11226 MARKET: Brooklyn BUYER'S REP: Brian Underkofler -Investment Property Realty Group (IPRG), Erik Rodriguez BUYER: Signature Management & Associates SELLER: Castellan Real Estate Partners PRICE: $3,100,000.00 SF: 0

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$165,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98