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20 Menahan St Brooklyn, NY ...

Updated Sep 9, 2024

Terra CRG Brokers Matthew Cosentino & Remi Norris Sell MultiFamily Property In Brooklyn For $700K
SOLDMultiFamily

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

Matthew Cosentino

Terra CRG

Broker

$322.5M

vol

83 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $129 per square foot on a published $700K for 5,400 square feet (2023).

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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

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