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195 23rd Street

Michael Skrodzki Acquires 8-Unit Multifamily In Brooklyn For $1.5M
SOLDMultiFamily

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

John Brennan

Marcus & Millichap

Broker

$190.2M

vol

74 deals

Broker

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