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
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