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
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