Updated Jul 21, 2026
Morris Tepler Acquires Multifamily Property In Brooklyn For $10M
2197 Ocean Ave, Brooklyn, NY 11229, USA
Building Size
300,000 SF
Asset Type
MultiFamily
Closing
Jan 31, 2018
About this deal
AI
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $10,000,000
- Price per Square Foot: $333
- Seller: Steven Frey’s Frey Management
- Buyer: Morris Tepler
Traded’s record for 2197 Ocean Ave, Brooklyn, NY 11229, USA in New York, New York covers a multifamily sale from 2018. The building is 300,000 square feet, implying about 0 per square foot on the published price. This page is the New York, New York file for the 2197 Ocean Ave, Brooklyn, NY 11229, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else sold near 2197 Ocean Ave, Brooklyn, NY 11229, USA around 2018. Cite this Morris Tepler Acquires Multifamily Property In Brooklyn For $10M sale when underwriting similar multifamily product around New York, New York.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93