Updated Nov 22, 2023
Joe Agostino Acquires Sheepshead Bay Multifamily From Alan Ditchek For $1.31M
2761 East 15th Street, Sheepshead Bay, Brooklyn, NY, USA
$1,310,000
$524/SF
Building Size
2,500 SF
Asset Type
MultiFamily
Closing
Dec 18, 2018
About this deal
AI
A multifamily property located at 2761 East 15th Street in Sheepshead Bay, Brooklyn was recently sold for $1,310,000. The property has a price per square foot of $257, a cap rate of 3.65%, and a gross rent multiplier of 14.27.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,310,000
- Price Per Square Foot: $257
- Cap Rate: 3.65%
- Gross Rent Multiplier: 14.27
The seller of the property was Alan Ditchek, while the buyer was Joe Agostino. The sale was facilitated by brokers John Brennan and Victor Holguin of Marcus & Millichap.
Players
Brooklyn 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
12.11%
Cash-on-Cash
-3.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93