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2417 Albemarle Road

Greg Corbin & Chaya Milworn Of Northgate Real Estate Group Sell Multifamily Property In Brooklyn For $7.5M
SOLDMultiFamily

Greg Corbin & Chaya Milworn Of Northgate Real Estate Group Sell Multifamily Property In Brooklyn For $7.5M

2417 Albemarle Road

$7,500,000

$194/SF

Building Size

38,493 SF

Asset Type

MultiFamily

Closing

Mar 25, 2026

AI

The property asset involved in the transaction is a MultiFamily building located at 2417 Albemarle Road in the Brooklyn market. The sale concluded at a price of $7,500,000, encompassing 43 units across a total square footage of 38,493. The price per unit amounts to $174,418, with a price per square foot of $194.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $7,500,000
  • Units: 43
  • Square Footage: 38,493
  • Price per Unit: $174,418
  • Price per Square Foot: $194
  • Brokers: Greg Corbin & Chaya Milworn - Northgate Real Estate Group

Greg Corbin and Chaya Milworn are representatives of Northgate Real Estate Group, a firm known for transacting over $4.3 billion in real estate. They specialize in distressed investment sales and workouts, focusing on areas such as bankruptcies, foreclosures, UCC sales, restructuring, loan sales, and borrower/lender workouts.

Players

Chaya Milworn

Northgate Real Estate Group

Broker

$515.7M

vol

35 deals

Broker

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

2.12%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93