Updated Dec 4, 2024
Barcel Group Facilitates $2.5M Sale Of Multifamily Property In Brooklyn
156 Martense Street & 158 Martense Street
$2,525,000
$192/SF
Building Size
6,569 SF
Asset Type
MultiFamily
Closing
Nov 15, 2023
About this deal
AI
The multifamily property located at 156 Martense Street and 158 Martense Street in Brooklyn, NY has been sold. The property consists of 8 units with a total square footage of 6,569. The sale price for the property was $2,525,000, resulting in a price per unit of $315,625 and a price per square foot of $384.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,525,000
- Units: 8
- Price per Unit: $315,625
- Square Footage: 6,569
- Price per Square Foot: $384
- Address: 156 Martense Street & 158 Martense Street, Brooklyn, NY
- Seller: Lennox Family
- Broker: Marcel Fridman - Barcel Group
Marcel Fridman of Barcel Group represented the seller, Lennox Family, in the transaction.
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
6.28%
Cash-on-Cash
-1.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93