facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

1775 East 18th St

Brian Ritter Of Sentinel Real Estate Purchases Brooklyn Multifamily Property From Larry Bernstein For $29M
SOLDMultiFamily

Brian Ritter Of Sentinel Real Estate Purchases Brooklyn Multifamily Property From Larry Bernstein For $29M

1775 East 18th St

$29,000,000

$265/SF

Building Size

109,312 SF

Asset Type

MultiFamily

Closing

Aug 29, 2018

AI

The asset involved in this transaction is located at 1775 East 18th St, Brooklyn, and falls under the category of MultiFamily properties. The transaction was finalized for a total price of $29,000,000.00, encompassing a total square footage of 109,312.0 square feet.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $29,000,000.00
  • Address: 1775 East 18th St
  • Market: Brooklyn
  • Square Footage: 109312.0
  • Buyer: Brian Ritter (Sentinel Real Estate)
  • Seller: Larry Bernstein
  • Broker: Erik Yankelovich (Atlas Realty Group)

This transaction involved Brian Ritter representing Sentinel Real Estate as the buyer, with Larry Bernstein acting as the seller. The broker for this deal was Erik Yankelovich from Atlas Realty Group, facilitating the agreement between the parties.

Players

Erik Yankelovich

Atlas Realty Group

Broker

$1.1B

vol

128 deals

Broker
Brian Ritter

Brian Ritter

Sentinel Real Estate

Buyer

$76.4M

vol

6 deals

Buyer

Larry Bernstein

Seller
Seller

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.55%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93