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158 Bergen Street, Brooklyn...

Updated Sep 9, 2024

Peter Gaeta Sells Multifamily Property On Bergen Street In Boerum Hill For $3.5M
SOLDMultiFamily

Peter Gaeta Sells Multifamily Property On Bergen Street In Boerum Hill For $3.5M

158 Bergen Street, Brooklyn, NY 11217

$3,500,000

$1,000/SF

Building Size

3,499 SF

Asset Type

MultiFamily

Closing

Jan 14, 2022

About this deal

AI

Located in Boerum Hill, the multifamily property at 158 Bergen Street has been sold in a recent transaction. The property consists of 3 units and spans across 3,499 square feet. The sale price for this property was $3,500,000, resulting in a price per unit (PPU) of $1,166,666 and a price per square foot (PPSF) of $1,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,500,000
  • Address: 158 Bergen Street
  • Market: Boerum Hill
  • Units: 3
  • Price per Unit (PPU): $1,166,666
  • Square Footage: 3,499
  • Price per Square Foot (PPSF): $1,000

The property was sold by Peter Gaeta. The deal was facilitated by the brokerage team consisting of Shaun Riney, Mike Salvatico, and Robbie Ferman from Marcus & Millichap.

Players

Michael Salvatico

Marcus & Millichap

Broker

$840.8M

vol

184 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.9B

vol

377 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1K per square foot on a published $3.5M for 3,499 square feet (2022).

Visit Robert (Robbie) Ferman to view all their deals.

Browse New York multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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