Updated Dec 19, 2023
Julia Cohen & Danielle Passno Acquire Multifamily In Gowanus, Brooklyn
256 10th Avenue, New York City, New York 10001, United States
$1,948,000
$1,701/SF
Building Size
1,145 SF
Asset Type
MultiFamily
Closing
Jan 26, 2022
About this deal
AI
Located in the Gowanus neighborhood of Brooklyn, this multifamily property at 256 10th Avenue recently sold in a closed transaction. The property consists of two units, offering a total of 1,145 square feet of living space. The sale price for this property was recorded at $1,948,000, resulting in an average price per unit of $974,000. The price per square foot came in at $1,701, making it one of the highest prices per square foot in the Gowanus area.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,948,000
- Address: 256 10th Avenue
- Market: Gowanus, Brooklyn
Julia Cohen and Danielle Passno acted as the buyers of this property. On the other hand, Marlon Hew served as the seller. Representing the seller in this deal was Nikki Sun, a broker from Compass. With Nikki Sun's guidance, the property was successfully sold, achieving one of the highest prices per square foot in the Gowanus Brooklyn area.
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
8.14%
Cash-on-Cash
-2.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93