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143 Green Street, Brooklyn,...

Bilal Demirovic Acquires Multifamily Property On Green Street In Brooklyn For $1.4M
SOLDMultiFamily

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

Jason Moskowitz

Marcus & Millichap

Broker

$22.2M

vol

6 deals

Broker

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

11.13%

Cash-on-Cash

-3.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93