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
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.
Players
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
5.20%
Cash-on-Cash
-1.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93