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
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