Mitch Gordon Acquires Multifamily In Greenwood, Brooklyn For $1.75M
195 30th Street
$1,750,000
$511/SF
Building Size
3,420 SF
Asset Type
MultiFamily
Closing
Mar 12, 2024
AI
The multifamily property located at 195 30th Street in Greenwood, Brooklyn, was sold for $1,750,000, featuring 5 units with a price per unit of $350,000. The property spans 3,420 square feet, amounting to a price per square foot of $512.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,750,000
- Units: 5
- Square Footage: 3,420
- Price per Unit: $350,000
- Price per Square Foot: $512
- Address: 195 30th Street
- Market: Greenwood, Brooklyn
Mitch Gordon purchased the property from the Deo Family, with Romain Sinclair of Greysteel acting as the broker in the transaction.
Players
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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93