Updated Oct 25, 2024
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
About this deal
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.
On the Map
$9,600,000
$128/SF
MultiFamily
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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
1.65%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93