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17 Douglass Street

Updated Dec 4, 2024

Carlos Saavedra Acquires Cobble Hill Multifamily For $3.05M With Marcel Fridman Of Barcel Group
SOLDMultiFamily

Carlos Saavedra Acquires Cobble Hill Multifamily For $3.05M With Marcel Fridman Of Barcel Group

17 Douglass Street

$3,050,000

$983/SF

Building Size

3,100 SF

Asset Type

MultiFamily

Closing

Jan 11, 2024

About this deal

AI

The multifamily property located at 17 Douglass Street in Cobble Hill, Brooklyn has been sold in a recent transaction. The property consists of 3 units with a total square footage of 3,100. The sale price for this transaction was $3,050,000, resulting in a price per unit of $1,016,667 and a price per square foot of $984.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,050,000
  • Address: 17 Douglass Street, Cobble Hill, Brooklyn
  • Market: Cobble Hill, Brooklyn
  • Buyer: Carlos Saavedra
  • Seller: Diorio Family
  • Broker: Marcel Fridman - Barcel Group
  • Units: 3
  • Price per Unit: $1,016,667
  • Square Footage: 3,100
  • Price per Square Foot: $984

Carlos Saavedra is the buyer of the property, while the seller is the Diorio Family. The transaction was facilitated by Marcel Fridman from Barcel Group acting as the broker. These individuals played crucial roles in this successful sale.

On the Map

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$3,050,000

$983/SF

MultiFamily

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Players

Marcel Fridman

Barcel Group

Broker

$470.1M

vol

147 deals

Broker
Carlos Saavedra

Carlos Saavedra

Buyer

$119.5M

vol

22 deals

Buyer

Diorio Family

Seller

$5.7M

vol

2 deals

Seller
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Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $983 per square foot on a published $3.1M for 3,100 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.20%

Cash-on-Cash

-1.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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