Updated Sep 9, 2024
Michael Bhagwandin Acquires Multifamily Property In Crown Heights For $2.9M
1274 Bergen Street, Brooklyn, New York 11213, United States
$2,900,000
$863/SF
Building Size
3,360 SF
Asset Type
MultiFamily
Closing
Jan 26, 2022
About this deal
AI
A multifamily property located at 1274 Bergen St. in Crown Heights was recently sold for $2,900,000. The property consists of 2 units with a total square footage of 3,360. The price per unit was $1,450,000, and the price per square foot was $863.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,900,000
- Units: 2
- Price Per Unit: $1,450,000
- Square Footage: 3,360
- Price Per Square Foot: $863
The buyer's representative in this transaction was Michael Bhagwandin. The seller was represented by Tomer Shmuel and Dani Ohayon of Massada Home Sales Inc.
On the Map
$2,900,000
$863/SF
MultiFamily
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Brooklyn MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93