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2069 85th Street

Rose Valley Capital Sells 48-Unit Multifamily Property In Bensonhurst, Brooklyn
SOLDMultiFamily

Rose Valley Capital Sells 48-Unit Multifamily Property In Bensonhurst, Brooklyn

2069 85th Street

$8,200,000

$170/SF

Building Size

48,000 SF

Asset Type

MultiFamily

Closing

Jul 18, 2022

AI

The multifamily property located at 2069 85th St. in Bensonhurst, Brooklyn has been sold in a closed transaction. The property, consisting of 48,000 square feet, is a multifamily asset with 48 units. The sale price for this transaction was $8,200,000, resulting in a price per unit (PPU) of $170,833 and a price per square foot (PPSF) of $170.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $8,200,000
  • Market: Bensonhurst, Brooklyn

The seller of this property was Rose Valley Capital. The sale was facilitated by brokers Steven Vegh and Phil Goldstein from Westwood Realty Associates.

Players

Steven Vegh

Westwood Realty Associates

Broker

$2.5B

vol

68 deals

Broker
RC
Rose Valley CapitalSeller

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

1.93%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93