Marcel Fridman Of Barcel Group Represents Sale Of Brooklyn Multifamily For $6.9M
20 Terrace Place
$6,900,000
$300/SF
Building Size
23,000 SF
Asset Type
MultiFamily
Closing
Nov 19, 2025
AI
This multifamily property, located at 20 Terrace Place in the Brooklyn market, was sold for $6,900,000. The asset consists of 24 units and covers a total square footage of 23,000, resulting in a price per unit of $287,500 and a price per square foot of $300.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,900,000
- Units: 24
- Square Footage: 23,000
- Price Per Unit: $287,500
- Price Per Square Foot: $300
The transaction involved Marcel Fridman from Barcel Group, who acted as the broker in the sale. His representation played a crucial role in facilitating this multifamily property 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
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93