Updated Oct 29, 2024
FCA Acquires Brooklyn Property At 128 Cortelyou Rd For $2.95M With Seller's Reps IPRG
128 Cortelyou Rd, Brooklyn, NY, 11218
$2,950,000
$465/SF
Building Size
6,335 SF
Asset Type
MultiFamily
Closing
Nov 19, 2023
About this deal
AI
The property involved in this transaction is located at 128 Cortelyou Rd, Brooklyn, NY, 11218. The transaction was closed at a price of $2,950,000.00, encompassing a total area of 6,335 square feet within the Brooklyn market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $2,950,000.00
- Address: 128 Cortelyou Rd, Brooklyn, NY, 11218
- Square Footage: 6,335
- Market: Brooklyn
- Buyer: FCA
- Seller's Representatives: Luke Sproviero, Brian Underkofler - Investment Property Realty Group (IPRG), Erik Rodriguez
The deal involved key individuals representing the seller, including Luke Sproviero and Brian Underkofler from the Investment Property Realty Group (IPRG), along with Erik Rodriguez. The buyer in this transaction is FCA, contributing to a robust portfolio within the Brooklyn market.
On the Map
$2,950,000
$465/SF
MultiFamily
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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
5.38%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93