Matt Fotis Of Marcus & Millichap Acquires Multifamily Property In Brooklyn Heights For $7.85M
274 Henry Street, New York, NY 10038
$7,850,000
$475/SF
Building Size
16,500 SF
Asset Type
MultiFamily
Closing
Jun 23, 2020
AI
A multifamily property located at 274 Henry Street and 90 State Street in Brooklyn Heights was recently sold for $7,850,000. The property spans approximately 16,500 square feet, resulting in a price per square foot (PPSF) of $475. The sale took place on June 23, 2021, and the transaction was facilitated by brokers Matt Fotis from Marcus & Millichap_NY and Sebastian Altilio.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,850,000
- Address: 274 Henry Street & 90 State Street, Brooklyn Heights
- Market: Brooklyn Heights
- Broker: Matt Fotis @MarcusMillichap_NY & Sebastian Altilio
Matt Fotis from Marcus & Millichap_NY and Sebastian Altilio played pivotal roles as brokers in this transaction.
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
2.02%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93