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1222 Rogers Ave, Brooklyn, ...

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

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

Brian Underkofler

Investment Property Realty Group (IPRG)

Broker

$27.9M

vol

11 deals

Broker
Castellan Real Estate Partners
Castellan Real Estate PartnersSeller

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