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221 Himrod Street

Northgate Real Estate Group Facilitates Sale Of Brooklyn Multifamily Building For $2.71M
SOLDMultiFamily

Northgate Real Estate Group Facilitates Sale Of Brooklyn Multifamily Building For $2.71M

221 Himrod Street

$2,713,000

$623/SF

Building Size

4,350 SF

Asset Type

MultiFamily

Closing

Sep 8, 2025

AI

The asset involved in the transaction is a 3-story multifamily building located at 221 Himrod Street in Brooklyn. The sale was completed for a price of $2,713,000, with a total square footage of 4,350, resulting in a price per square foot of $623.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $2,713,000
  • Address: 221 Himrod Street
  • Market: Brooklyn
  • Square Footage: 4,350
  • Price per Square Foot: $623

The brokers involved in the deal are Greg Corbin and Felix Ades from Northgate Real Estate Group, who facilitated the sale through a bankruptcy sale.

Players

Greg Corbin

Northgate Real Estate Group

Broker

$1.2B

vol

84 deals

Broker
Northgate Real Estate Group
Northgate Real Estate GroupBrokerage

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

5.85%

Cash-on-Cash

-1.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93