SOLDMultiFamily
Yoel Goldberg & Alex Jaffa Of Eastern Union Sell Multifamily Property In Brooklyn For $7.85M
1685 East 5th Street
$7,850,000
$142/SF
Building Size
55,000 SF
Asset Type
MultiFamily
Closing
Oct 27, 2022
AI
An multifamily property located at 1685 E 5th in Brooklyn has been sold for a price of $7,850,000. The property spans an area of 55,000 square feet, resulting in a price per square foot of $143.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,850,000
- Address: 1685 E 5th, Brooklyn
- Market: Brooklyn
- Brokers: Yoel Goldberg & Alex Jaffa - Eastern Union
- Square Footage: 55,000 sq ft
- Price per Square Foot: $143
Yoel Goldberg & Alex Jaffa from Eastern Union acted as the brokers in this transaction.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.02%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93