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
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.
Players
New York 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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93