Adam Justin Acquires Multifamily Property On 445 Bergen Street, Brooklyn For $4M
445 Bergen Street, Park Slope, Brooklyn, NY, USA
$4,000,000
$666/SF
Building Size
6,000 SF
Asset Type
MultiFamily
Closing
Apr 18, 2018
AI
Joseph Baglio and Adam Justin recently completed a sale transaction for the multifamily property located at 445 Bergen Street. The sale took place on April 19, 2018, with Adam Justin purchasing the property from Robert Breagy. The deal was facilitated by Joseph Baglio, representing Adam Justin as the buyer, through Madison Estates.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,000,000
- Address: 445 Bergen Street
- City: N/A
- Square Footage: 6,000 sf
- Price per Square Foot: $666
- Seller: Robert Breagy
The sale of 445 Bergen Street was finalized at a price of $4,000,000, with the property boasting a total area of 6,000 square feet. Adam Justin acted as the buyer, acquiring the multifamily property from Robert Breagy. Joseph Baglio, representing Adam Justin as his broker, facilitated the transaction through Madison Estates.
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93