Bilal Demirovic Acquires Multifamily Property On Green Street In Brooklyn For $1.4M
143 Green Street, Brooklyn, NY, USA
$1,425,000
$380/SF
Building Size
3,750 SF
Asset Type
MultiFamily
Closing
Dec 20, 2020
AI
143 Green Street, located in Brooklyn, was recently sold in a multifamily transaction. The property is zoned as M1-2/R6A, MX-8 and has a building square footage (BSF) of 7,500, with a price per BSF (PPBSF) of $190. The total square footage (SF) of the property is 3,750, with a price per square foot (PPSF) of $380. The transaction took place on December 21, 2020, with a sale price of $1,425,000. The property falls under tax class 2A.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,425,000
- Address: 143 Green Street
- Market: Brooklyn
- Zoning: M1-2/R6A, MX-8
- Buyer: Bilal Demirovic
- Seller: Yvonne Ocasio
- Brokers: Jakub Nowak - The Nowak Group, Jason Moskowitz - Marcus & Millichap NY
Brokers Jakub Nowak and Jason Moskowitz represented the parties involved in the transaction. With the sale of 143 Green Street, both the buyer, Bilal Demirovic, and the seller, Yvonne Ocasio, successfully completed the deal. The Nowak Group and Marcus & Millichap NY played vital roles as the broker representatives for the transaction.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.13%
Cash-on-Cash
-3.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93