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
Brooklyn 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93