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2044 Bergen St, Brooklyn, N...

Rob Raphaeli Acquires Multifamily Property In Brooklyn, Ocean Hill For $2.1M
SOLDMultiFamily

Rob Raphaeli Acquires Multifamily Property In Brooklyn, Ocean Hill For $2.1M

2044 Bergen St, Brooklyn, NY 11233, USA

$2,100,000

$14/SF

Building Size

142,400 SF

Asset Type

MultiFamily

Closing

May 29, 2019

AI

Located in the Ocean Hill neighborhood of Brooklyn, the multifamily property at 2044 Bergen Street has recently changed hands in a closed transaction. The property spans an impressive 14,240 square feet and was listed with an asking price of $2,650,000. Ultimately, the sale price settled at $2,100,000, resulting in a price per square foot of $147.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,100,000
  • Address: 2044 Bergen Street, Brooklyn, Ocean Hill
  • Market: Ocean Hill

Facilitating the transaction were Ari Benyacov and Ali Rossland of Westbridge Realty, who represented both parties involved. The seller, Andrew Weber, and the buyer, Rob Raphaeli, entrusted Ari Benyacov and Ali Rossland to ensure a smooth transaction process.

Players

Ariel Benyacov

Westbridge Realty Group

Broker

$31.1M

vol

4 deals

Broker

New York 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

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93