Greg Corbin & Chaya Milworn Of Northgate Real Estate Group Sell Multifamily Property In Brooklyn For $7.5M
SOLD
$7,500,000
New York
See Similar DealsMultiFamily38,493 SF
Sold 03/26/2026
SOLD
Greg Corbin & Chaya Milworn Of Northgate Real Estate Group Sell Multifamily Property In Brooklyn For $7.5M
2417 Albemarle Road
See Similar DealsMultiFamily38,493 SF
Sold 03/26/2026
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$194
Total Square Footage:38,493 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$400,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,645.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,553.83
Annual Debt Service$426,645.92
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