Dean Praetoris Purchases Multifamily Property From Grant Hailey For $2.9M In New York
176 Macdonough Street
$2,900,000
$777/SF
Building Size
3,728 SF
Asset Type
MultiFamily
Closing
Mar 4, 2025
AI
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
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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93