The Kufmen Family Acquires Multifamily In Fort Greene From Sal Devito For $2,600,000
128 Fort Greene Place
$2,600,000
$742/SF
Building Size
3,500 SF
Asset Type
MultiFamily
Closing
Jan 27, 2024
AI
The multifamily property located at 128 Fort Greene Place in Fort Greene, Brooklyn was sold for $2,600,000. Spanning 3,500 square feet, the property was transacted at a price per square foot of $743. The sale involved The Kufmen Family as the buyer and Sal Devito as the seller. The transaction was facilitated by Lev Mavashev & Eli Yusupov from Alpha Realty.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,600,000
- Address: 128 Fort Greene Place
- Market: Fort Greene, Brooklyn
- Square Footage: 3,500
- Buyer: The Kufmen Family
- Seller: Sal Devito
- Brokers: Lev Mavashev & Eli Yusupov - Alpha Realty
Lev Mavashev and Eli Yusupov played pivotal roles as the brokers representing the parties in the transaction. The deal further solidified the ties between the buyers and sellers in the thriving real estate market of Fort Greene, Brooklyn.
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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93