The Gold Family Acquires 6-Unit Multifamily In Brooklyn For $1.3M
244 Troutman Street
$1,325,000
$294/SF
Building Size
4,500 SF
Asset Type
MultiFamily
Closing
Mar 28, 2023
AI
The multifamily property located at 244 Troutman Street in Brooklyn has been sold in a recent transaction. The property consists of 6 units and spans across 4,500 square feet. The sale price was $1,325,000, resulting in a price per unit of $220,833 and a price per square foot of $294.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,325,000
- Units: 6
- Price per Unit: $220,833
- Square Footage: 4,500
- Price per Square Foot: $294
The buyer of the property is The Gold Family. The sale was facilitated by brokers Shaun Riney and Michael Salvatico from Marcus & Millichap. It is worth noting that this sale is part of a larger portfolio consisting of six buildings, with 244 Troutman Street being the fifth building sold. For more inventory options in the immediate area and across Brooklyn, interested parties can reach out to Shaun Riney and Michael Salvatico.
Players
Market 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
11.97%
Cash-on-Cash
-3.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93