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19 Denton Place

Anna & Vadim Belobrovka Purchase Multifamily Asset At 19 Denton Place Brooklyn For $2M
SOLDMultiFamily

Anna & Vadim Belobrovka Purchase Multifamily Asset At 19 Denton Place Brooklyn For $2M

19 Denton Place

$2,000,000

$644/SF

Building Size

3,105 SF

Asset Type

MultiFamily

Closing

Jul 10, 2024

AI

The multifamily property located at 19 Denton Place in Park Slope, Brooklyn, has been sold for $2,000,000. The asset comprises 5 units, providing a price per unit of $400,000. The total square footage of the property is 3,105, which results in a price per square foot of $644.

Summary of transaction details:

The transaction involved Anna and Vadim Belobrovka as the buyers and Lorraine Fauci as the seller. The deal was facilitated by brokers Vito Angelo and Billy Apter from Remax, along with Michael Zats from Brooklyn Heights Real Estate.

Players

Vito Angelo

Re/Max

Broker

$79M

vol

39 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

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93