Mike Brion Acquires Multifamily Property On Prospect Avenue, Brooklyn For $2.05M
1261 Prospect Avenue
$2,050,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 31, 2023
AI
A multifamily property located at 1261A & 1261 Prospect Avenue in Windsor Terrace, Brooklyn has been sold. The property, listed by brokers Jakub Nowak and Jesse Kay of Marcus & Millichap, was purchased by Mike Brion from John Lindstrom. The sale price for this transaction was $2,050,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,050,000
- Address: 1261A & 1261 Prospect Avenue, Windsor Terrace, Brooklyn
- Brokers: Jakub Nowak & Jesse Kay - Marcus & Millichap
- Buyer: Mike Brion
- Seller: John Lindstrom
Jakub Nowak and Jesse Kay of Marcus & Millichap facilitated the sale of this multifamily property in Windsor Terrace. For any inquiries about selling a commercial property, interested parties can contact Jakub Nowak at 718-475-4353 or Jesse Kay at 718-475-4321.
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
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93