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244 Troutman Street

The Gold Family Acquires 6-Unit Multifamily In Brooklyn For $1.3M
SOLDMultiFamily

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

Michael Salvatico

Marcus & Millichap

Broker

$795.9M

vol

175 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

360 deals

Broker

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