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255 Hull Street, Ocean Hill...

Moses Rabinowitz Acquires Ocean Hill Multifamily For $1.5M With Peter Team & Marcus & Millichap NY
SOLDMultiFamily

Moses Rabinowitz Acquires Ocean Hill Multifamily For $1.5M With Peter Team & Marcus & Millichap NY

255 Hull Street, Ocean Hill, Brooklyn, NY 11233, USA

$1,500,000

$256/SF

Building Size

5,842 SF

Asset Type

MultiFamily

Closing

Oct 8, 2021

AI

Located in Ocean Hill, the multifamily property at 255 Hull Street has been sold in a recent transaction. The sale, which took place on October 8, 2021, involved a total of 5 units within the property. The sale price for this transaction was $1,500,000, resulting in a price per unit of $300,000. The property spans a total of 5,842 square feet, giving it a price per square foot of $256. With its attractive characteristics and desirable location, this property offers a valuable investment opportunity.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,500,000
  • Units: 5
  • Price per Unit: $300,000
  • Square Feet: 5,842
  • Price per Square Foot: $256
  • Address: 255 Hull Street
  • Market: Ocean Hill

The buyer, Moses Rabinowitz, successfully acquired the property from the seller, Claudia Morales. The transaction was facilitated by Matthew Peters and Daniel Reyhan from the Peters Team, along with Jalen Wright from Marcus & Millichap NY. These knowledgeable brokers played a crucial role in ensuring a smooth and successful transaction for both the buyer and the seller.

Players

Matthew Peters

Marcus & Millichap

Broker

$159.6M

vol

28 deals

Broker

Moses Rabinowitz

Buyer

$10.8M

vol

5 deals

Buyer

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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93