Updated Dec 21, 2023
TerraCRG Brokers Matt Cosentino & Remi Norris Sell Cobble Hill Multifamily For $3.75M
89 Douglass Street, Brooklyn, New York 11231, United States
$3,755,000
$834/SF
Building Size
4,500 SF
Asset Type
MultiFamily
Closing
Jan 20, 2022
About this deal
AI
Located in Cobble Hill, Brooklyn, the property at 89 Douglass Street has recently been sold in a multifamily transaction. The sale was facilitated by brokers Matt Cosentino and Remi Norris from TerraCRG. The transaction took place on January 21, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,755,000
- Address: 89 Douglass Street
- Market: Cobble Hill, Brooklyn
The property consists of 7 units, yielding an average price per unit of $536,428. The total square footage of the property is 4,500, which translates to an average price per square foot of $834.
With their expertise in the real estate market, Matt Cosentino and Remi Norris of TerraCRG successfully facilitated the sale of 89 Douglass Street.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.22%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93