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255 Troy Avenue, Brooklyn, ...

Updated Oct 28, 2024

Lang Family Acquires Multifamily Property In Crown Heights For $1.475M
SOLDMultiFamily

Lang Family Acquires Multifamily Property In Crown Heights For $1.475M

255 Troy Avenue, Brooklyn, New York 11213, United States

$1,475,000

$447/SF

Building Size

3,300 SF

Asset Type

MultiFamily

Closing

Oct 2, 2022

About this deal

AI

Located in the vibrant neighborhood of Crown Heights, the multifamily property at 255 Troy Ave has been sold in a recent transaction. This sale, facilitated by Marcel Fridman of Barcel Group, marks another successful deal in the area. The property features a total of 5 units, offering a spacious and comfortable living space for its residents. With a sale price of $1,475,000, this property presents a great investment opportunity in the Crown Heights market.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,475,000
  • Address: 255 Troy Ave
  • Market: Crown Heights
  • Units: 5
  • Price per Unit: $295,000
  • Square Footage: 3,300
  • Price per Square Foot: $446

The Lang Family emerged as the buyer in this transaction, showcasing their interest in the vibrant Crown Heights market. On the other side of the deal, Alchemy, represented by Sam Kooris, acted as the seller. Marcel Fridman, from Barcel Group, played a vital role as the broker, ensuring a smooth transaction for both parties involved. With their expertise and knowledge of the market, Fridman and Barcel Group successfully facilitated this sale.

On the Map

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$1,475,000

$447/SF

MultiFamily

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Players

Marcel Fridman

Barcel Group

Broker

$470.1M

vol

147 deals

Broker
Sam Kooris

Sam Kooris

Seller

$101.4M

vol

14 deals

Seller
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Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $447 per square foot on a published $1.5M for 3,300 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.75%

Cash-on-Cash

-3.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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