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176 Macdonough Street

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

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

Cassandra Reed-Frank

Compass

Broker

$11.9M

vol

3 deals

Broker

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