Yaniv Grinberg & Nathaniel Smith Brokered a Multifamily Property In Brooklyn For $3.15 Million
2019 57th Street
$3,150,000
$732/SF
Building Size
4,300 SF
Asset Type
MultiFamily
Closing
Sep 6, 2024
AI
The property asset involved in this transaction is a multifamily building located at 2019 57th Street in the Brooklyn market. The sale price for the asset was $3,150,000, which translates to a price per unit of $1,050,000. The building consists of three units and has a total square footage of 4,300, resulting in a price per square foot of $732.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,150,000
- Units: 3
- Price per Unit: $1,050,000
- Square Footage: 4,300
- Price per Square Foot: $732
- Seller: Mark Wereszczynski
- Broker: Yaniv Grinberg & Nathaniel Smith - Oxford Property Group
The transaction was facilitated by the brokers Yaniv Grinberg and Nathaniel Smith, representing the seller, Mark Wereszczynski. Their involvement played a critical role in successfully closing the deal within the multifamily sector of the Brooklyn market.
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
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93