Michael Skrodzki Acquires 8-Unit Multifamily In Brooklyn For $1.5M
195 23rd Street
$1,505,000
$228/SF
Building Size
6,600 SF
Asset Type
MultiFamily
Closing
Feb 15, 2023
AI
The property involved in this transaction is a multifamily asset located at 195 23rd Street in Greenwood Heights, Brooklyn. The property consists of 8 units and has a total square footage of 6,600. The sale price for this property was $1,505,000, resulting in a price per unit of $188,125 and a price per square foot of $228.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,505,000
- Units: 8
- Price per Unit: $188,125
- Square Footage: 6,600
- Price per Square Foot: $228
- Address: 195 23rd Street, Greenwood Heights, Brooklyn
The buyer of this property was Michael Skrodzki, while the seller was the Michalakis Family. The transaction was facilitated by brokers John Brennan and Matthew Dittmeier from Marcus & Millichap.
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
10.54%
Cash-on-Cash
-3.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93