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
New York 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
5.24%
Cash-on-Cash
-1.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93