Updated Dec 19, 2023
Levi Chein Acquires Multifamily Property On 228 Rogers Ave. In Crown Heights, Brooklyn For $1.3M
228 Rogers Avenue, Crown Heights, Brooklyn, NY, USA
$1,300,000
$902/SF
Building Size
1,440 SF
Asset Type
MultiFamily
Closing
Jun 15, 2020
About this deal
AI
Located at 228 Rogers Ave., in the Crown Heights neighborhood of Brooklyn, is a multifamily property that was recently sold on June 15, 2021. The property consists of 3 units and was sold for a total price of $1,300,000, resulting in a per unit price of $433,333. The transaction involved buyer Levi Chein and seller Gloria Pottinger.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Address: 228 Rogers Ave.
- Market: Crown Heights, Brooklyn
- Buyer: Levi Chein
- Seller: Gloria Pottinger
- Units: 3
- Price Per Unit (PPU): $433,333
The transaction was facilitated by Levi Chein, who represented himself as the buyer, and Gloria Pottinger, who represented herself as the seller. No additional information is available regarding the deal.
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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93