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Michael Saltzman Purchases Amy Schumer's Brooklyn Heights Multifamily At 19 Cranberry Street For $11M
SOLD
$11,000,000
New York
See Similar DealsMultiFamily4,160 SF
Sold
SOLD
Michael Saltzman Purchases Amy Schumer's Brooklyn Heights Multifamily At 19 Cranberry Street For $11M
19 Cranberry Street
See Similar DealsMultiFamily4,160 SF
Sold
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$2644
Total Square Footage:4160 SF
Transaction Type:Sale
The property involved in this transaction is a multifamily asset located at 19 Cranberry Street in Brooklyn Heights, Brooklyn. The sale price for this townhouse was $11,000,000. It encompasses a total square footage of 4,160, resulting in a price per square foot of $2,644.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $11,000,000
- Address: 19 Cranberry Street
- Market: Brooklyn Heights, Brooklyn
- Buyer: Michael Saltzman
- Seller: Amy Schumer
- Broker: Adam Modlin - Modlin Group, Karen Talbott, & Kyle Talbott - The Corcoran Group
The transaction reflects the efforts of Adam Modlin representing Amy Schumer in the sale, along with Karen Talbott and Kyle Talbott representing the buyer as part of The Corcoran Group. This sale follows Amy Schumer's previous acquisition of the property in 2022 for $12.25 million.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$586,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,080.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,145.61
Annual Debt Service$625,747.34
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