facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

219 Avenue I

Meyer Ungar Acquires Multifamily Property In Brooklyn For $2M
SOLDMultiFamily

Meyer Ungar Acquires Multifamily Property In Brooklyn For $2M

219 Avenue I

$2,000,000

$606/SF

Building Size

3,300 SF

Asset Type

MultiFamily

Closing

Dec 16, 2022

AI

Located at 219 Avenue I in Brooklyn, this multifamily property was recently sold in a transaction handled by Nina Sabag & Tzippy Durzieh, brokers from 5 Boro Realty. The property consists of 3 units with a total square footage of 3,300. The sale price for this property was $2,000,000, resulting in a per unit price of $666,667 and a price per square foot of $606.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,000,000
  • Units: 3
  • Price per Unit: $666,667
  • Square Footage: 3,300
  • Price per Square Foot: $606

Meyer Ungar was the buyer of this property, while Navah Baruch acted as the seller. The transaction showcases the expertise of the brokers Nina Sabag & Tzippy Durzieh from 5 Boro Realty, who facilitated the deal between the buyer and seller.

Players

Nina Sabag

5 Boro Realty

Broker

$40.3M

vol

22 deals

Broker

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93