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161 27th Avenue

Morwin Schmookler Acquires Multifamily Property In Greenwood For $1.9M
SOLDMultiFamily

Morwin Schmookler Acquires Multifamily Property In Greenwood For $1.9M

161 27th Avenue & 171 27th Street

$1,900,000

$336/SF

Building Size

5,640 SF

Asset Type

MultiFamily

Closing

May 23, 2024

AI

The multifamily property located at 161 & 171 27th Street in Greenwood, Brooklyn, was sold for $1,900,000. This property consists of 3 units with a total square footage of 2,820, leading to a price per unit of $633,333 and a price per square foot of $674.

Summary of transaction details:

The transaction was facilitated by the brokers from Matthews Real Estate Investment Services, including Bobby Lawrence, DJ Johnston, Henry Hill, Jermaine Pugh, and Bryan Kirk. For more information or to discuss similar properties and current market conditions, interested parties can contact Bobby Lawrence at (718) 544-0337 or via email at [email protected].

Players

Bobby Lawrence

Matthews

Broker

$80.7M

vol

25 deals

Broker

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

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93