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
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