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
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