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2019 57th Street

Yaniv Grinberg & Nathaniel Smith Brokered a Multifamily Property In Brooklyn For $3.15 Million
SOLDMultiFamily

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:

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

Nathaniel Smith

FIND Real Estate

Broker

$35.1M

vol

13 deals

Broker

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