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1901 84th St, Brooklyn, NY ...

Mike Niamonitakis Acquires Multifamily Property In Bath Beach, Brooklyn For $9.6M
SOLDMultiFamily

Mike Niamonitakis Acquires Multifamily Property In Bath Beach, Brooklyn For $9.6M

1901 84th St, Brooklyn, NY 11214, USA

$9,600,000

$128/SF

Building Size

74,648 SF

Asset Type

MultiFamily

Closing

Feb 27, 2020

AI

The multifamily property located at 1901 84th Street in Bath Beach, Brooklyn has been sold in a recent transaction. The property spans a total area of 74,648 square feet and consists of 79 units. The sale price for this transaction was $9,600,000, resulting in a price per square foot of $128. The seller of the property was Beth Lewis, while the buyer was Mike Niamonitakis.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $9,600,000
  • Square Footage: 74,648
  • Price per square foot: $128
  • Number of units: 79

Peter Von Der Ahe, Shaun Riney, Joe Koicim, and Mark Zarrella from Marcus&Millichap acted as the brokers in this transaction, representing both the buyer and the seller.

Players

Peter Von Der Ahe

Marcus & Millichap

Broker

$1.4B

vol

110 deals

Broker
Joseph (Joe) Koicim
Verified Badge

Joseph Koicim

Marcus & Millichap

Broker

$2.7B

vol

174 deals

Broker

Mike Niamonitakis

Buyer

$72.8M

vol

10 deals

Buyer

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

1.65%

Cash-on-Cash

-0.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93