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

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SOLD
$2,100,000

New York

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MultiFamily142,400 SF
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Property Image
SOLD

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

2044 Bergen St, Brooklyn, NY 11233, USA

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MultiFamily142,400 SF
Sold
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$14
Total Square Footage:142400 SF
Transaction Type:Sale

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
4 deals$31.1M volume(347) 988-8063
BROKER

Alexandra (Ali) Rossland
Westbridge Realty Group
9 deals$122.8M volume
BROKER

Details

SOLD
IMAGE: Ari Benyacov and Ali Rossland (@ARossland) DATE: 05/30/2019 ADDRESS: 2044 Bergen Street MARKET: Brooklyn, Ocean Hill ASSET TYPE: Multifamily ASKING PRICE: $2,650,000 SALE PRICE: $2,100,000 SF: 14,240 PPSF: $147 SELLER: Andrew Weber BUYER: Rob Raphaeli BROKERS: Ari Benyacov, Ali Rossland – Westbridge Realty

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$112,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86