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
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