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Meyer Ungar Acquires Multifamily Property In Brooklyn For $2M

Property Image
SOLD
$2,000,000

New York

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MultiFamily3,300 SF
Sold
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Property Image
SOLD

Meyer Ungar Acquires Multifamily Property In Brooklyn For $2M

219 Avenue I

See Similar Deals
MultiFamily3,300 SF
Sold
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$606
Total Square Footage:3300 SF
Transaction Type:Sale

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
22 deals$40.3M volume(855) 305-3325
BROKER

Tzippy Durzieh
5 Boro Realty
1 deal$2M volume(646) 670-1461
BROKER

Details

SOLD
IMAGE: Nina Sabag & Tzippy Durzieh DATE: 12/16/2022 ADDRESS: 219 Avenue I MARKET: Brooklyn ASSET TYPE: Multifamily BUYER: Meyer Ungar SELLER: Navah Baruch BROKERS: Nina Sabag & Tzippy Durzieh (@PreTzippy83) - (@5_Boro_Realty) - 5 Boro Realty SALE PRICE: $2,000,000 UNITS: 3 ~ PPU: $666,667 SF: 3,300 ~ PPSF: $606

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

$106,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24