TJ Higgins Acquires Multifamily Property In Brooklyn For $2.55M
269 Lefferts Avenue
$2,550,000
$850/SF
Building Size
3,000 SF
Asset Type
MultiFamily
Closing
Apr 18, 2023
AI
The multifamily property located at 269 Lefferts Avenue in Brooklyn has been sold for a total of $2,550,000. The property consists of 2 units, with each unit priced at $1,275,000. The total square footage of the property is 3,000, with a price per square foot of $850.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,550,000
- Address: 269 Lefferts Avenue, Brooklyn
- Units: 2
- Price Per Unit: $1,275,000
- Square Footage: 3,000
- Price Per Square Foot: $850
The buyer's representative in this transaction was Thomas (TJ) Higgins from Douglas Elliman. The seller's representative was Tali Berzak.
Players
Market 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
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93