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Dean Praetoris Purchases Multifamily Property From Grant Hailey For $2.9M In New York

Property Image
SOLD
$2,900,000

New York

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MultiFamily3,728 SF
Sold 03/04/2025
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Property Image
SOLD

Dean Praetoris Purchases Multifamily Property From Grant Hailey For $2.9M In New York

176 Macdonough Street

See Similar Deals
MultiFamily3,728 SF
Sold 03/04/2025
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$777
Total Square Footage:3,728 SF
Transaction Type:Sale

The property asset involved in this transaction is a MultiFamily building located at 176 MacDonough Street in the New York market. The sale price for the property was $2,900,000.00, and it encompasses a total square footage of 3,728.0 square feet.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $2,900,000.00
  • Address: 176 MacDonough Street
  • Market: New York
  • Square Footage: 3,728.0
  • Seller: Grant Hailey
  • Buyer: Dean Praetoris
  • Seller's Representatives: Cassandra Reed-Frank (Compass), Crystal Gabay (Compass), Lana Ogilvie (Compass)

The key individuals involved in this transaction include the seller, Grant Hailey, and the buyer, Dean Praetoris. The deal was represented by multiple agents from Compass, with Cassandra Reed-Frank, Crystal Gabay, and Lana Ogilvie serving as the seller's representatives throughout the transaction.

Players

Cassandra Reed-Frank
3 deals$11.9M volume(917) 282-2074
BROKER

Crystal Gabay
Compass
1 deal$2.9M volume(917) 587-7514
BROKER

Lana Ogilvie
Compass
1 deal$2.9M volume(917) 312-4887
BROKER

Details

SOLD
IMAGE: Crystal Gabay, Cassandra Reed-Frank & Lana Ogilvie DATE: 03/04/2025 ADDRESS: 176 MacDonough Street MARKET: Bed-Stuy, Brooklyn ASSET TYPE: Multifamily BUYER: Dean Praetoris SELLER: Grant Hailey SELLER'S REP: Cassandra Reed-Frank (@Reedtigga), Crystal Gabay (@TheAgentCrystal) & Lana Ogilvie (@LanaOgilvie_Official) - Compass (@Compass) SALE PRICE: $2,900,000 SF: 3,728 ~ PPSF: $777

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$154,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
Annual Debt Service$164,969.75