Crystal Family Acquires Multifamily Asset At 232 Bergen Street Brooklyn From Sollevare Group For $6.8M
SOLD
$6,800,000
New York
See Similar DealsMultiFamily3,200 SF
Sold 04/07/2026
SOLD
Crystal Family Acquires Multifamily Asset At 232 Bergen Street Brooklyn From Sollevare Group For $6.8M
232 Bergen Street
See Similar DealsMultiFamily3,200 SF
Sold 04/07/2026
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$2,125
Total Square Footage:3,200 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$362,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,158.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,235.47
Annual Debt Service$386,825.63
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