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209 21st Street, Brooklyn, ...

Jason Moore Acquires Multifamily Property In Greenwood Heights For $3.025M
SOLDMultiFamily

Jason Moore Acquires Multifamily Property In Greenwood Heights For $3.025M

209 21st Street, Brooklyn, New York 11232, United States

$3,025,000

$472/SF

Building Size

6,400 SF

Asset Type

MultiFamily

Closing

Mar 20, 2022

AI

Located at 209 21st St. in Greenwood Heights, this multifamily property was recently sold in a closed transaction. The sale took place on 03/21/2022 and was facilitated by brokers Matt Fotis and Chase Midgley from Marcus & Millichap. The property consists of 8 units with a total square footage of 6,400. The sale price for this asset was $3,025,000, resulting in a price per unit of $378,125 and a price per square foot of $472.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,025,000
  • Units: 8
  • Price per Unit: $378,125
  • Total Square Footage: 6,400
  • Price per Square Foot: $472
  • Market: Greenwood Heights

Jason Moore was the buyer in this transaction, represented by broker Matt Fotis and Chase Midgley from Marcus & Millichap. The deal showcases the expertise and professionalism of these brokers in successfully closing the sale.

Players

Matt Fotis

Marcus & Millichap

Broker

$598M

vol

111 deals

Broker

New York 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

5.24%

Cash-on-Cash

-1.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93