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232 Bergen Street

Crystal Family Acquires Multifamily Asset At 232 Bergen Street Brooklyn From Sollevare Group For $6.8M
SOLDMultiFamily

Crystal Family Acquires Multifamily Asset At 232 Bergen Street Brooklyn From Sollevare Group For $6.8M

232 Bergen Street

$6,800,000

$2,125/SF

Building Size

3,200 SF

Asset Type

MultiFamily

Closing

Apr 6, 2026

AI

This multi-family property located at 232 Bergen Street in Brooklyn has a transaction amount of $6,800,000. The property encompasses 3,200 square feet, translating to a price per square foot of $2,125.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $6,800,000
  • Address: 232 Bergen Street
  • Market: Brooklyn
  • Square Footage: 3,200
  • Price per Square Foot: $2,125
  • Buyer: Crystal Family
  • Seller: Sollevare Group & Monarch Realty Holdings - Kevin Shahery
  • Broker Representatives: Cameron LeCates & Ravi Kantha - Serhant
  • Previous Purchase: Monarch Realty Holdings and Sollevare Group purchased the property through a joint venture on 09/12/2024 for $3,000,000

The transaction involved key players including the buyer, Crystal Family, and the seller represented by Sollevare Group and Monarch Realty Holdings, with Kevin Shahery as a representative. Brokers Cameron LeCates and Ravi Kantha from Serhant facilitated the deal.

Players

Ravi Kantha

Serhant

Broker

$409M

vol

31 deals

Broker

Kevin Shahery

Monarch Realty Holdings

Seller

$34.3M

vol

6 deals

Seller

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

2.33%

Cash-on-Cash

-0.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93