Updated Sep 9, 2024
Brown Harris Stevens Represents Buyer In $4.6M Multifamily Sale On Montrose Avenue
169 Montrose Ave Brooklyn, NY 11206, USA
$4,585,000
$1,175/SF
Building Size
3,900 SF
Asset Type
MultiFamily
Closing
Jul 26, 2023
About this deal
AI
A multifamily property located at 169 Montrose Avenue in New York City has been sold for $4,585,000. The property consists of 5 units with an average price per unit of $917,000. The total square footage of the property is 3,900, resulting in a price per square foot of $1,176.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,585,000
- Address: 169 Montrose Avenue
- Market: New York City
- Units: 5
- Price per Unit: $917,000
- Square Footage: 3,900
- Price per Square Foot: $1,176
Ari Harkov from Brown Harris Stevens represented the buyer in this transaction, while Derek Bestreich, Luke Sproviero, Donal Flaherty, and Justin Zeitchik from Investment Property Realty Group (IPRG) served as the seller's representatives.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Luke Sproviero 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
3.46%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93