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
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
5.85%
Cash-on-Cash
-1.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93