Updated Sep 9, 2024
Terra CRG Brokers Matthew Cosentino & Remi Norris Sell MultiFamily Property In Brooklyn For $700K
20 Menahan St Brooklyn, NY 11221, USA
$700,000
$129/SF
Building Size
5,400 SF
Asset Type
MultiFamily
Closing
Jun 21, 2023
About this deal
AI
The multi-family property located at 20 Menahan Street in Brooklyn has been sold in a transaction facilitated by Matthew Cosentino and Remi Norris of Terra CRG. The property consists of 6 units, with a price per unit of $116,667. The total square footage of the property is 5,400, and the price per square foot is $130. The sale price for the property was $700,000.
Summary of Transaction Details:
- Property Type: MultiFamily
- Transaction Amount: $700,000
- Units: 6
- Price per Unit: $116,667
- Square Footage: 5,400
- Price per Square Foot: $130
Matthew Cosentino and Remi Norris of Terra CRG were the brokers involved in the transaction. They represented the parties in the deal, ensuring a successful sale of the property.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Remi Norris to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
22.66%
Cash-on-Cash
-6.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93