Isaac Abraham Acquires Multifamily Property In Brooklyn Heights For $36.5M
45 Henry St, Brooklyn, NY 11201, USA
$36,500,000
$548/SF
Building Size
66,494 SF
Asset Type
MultiFamily
Closing
Jun 25, 2019
AI
The multifamily property located at 145 Henry Street and 15-19 Wyckoff Street in Brooklyn Heights and Cobble Hill has been sold. The property spans a total of 66,494 square feet with an asking price of $40,000,000. The sale was finalized at $36,500,000, translating to a price per square foot of $548.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $36,500,000
- Address: 145 Henry Street, 15-19 Wyckoff Street
- Market: Brooklyn Heights, Cobble Hill
The seller of the property was The Estate of Alan Frank, while the buyer was Isaac Abraham. The deal was facilitated by brokers Chris Varjan, Vickram Jambu, George Steffani, and Jonathan Braun.
Players
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
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93