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128 Fort Greene Place

The Kufmen Family Acquires Multifamily In Fort Greene From Sal Devito For $2,600,000
SOLDMultiFamily

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

Lev Mavashev

Alpha Realty

Broker

$742M

vol

106 deals

Broker

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