facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

277 Humboldt Street

Partners Path Acquires Multifamily Property In Brooklyn For $5.08M
SOLDMultiFamily

Partners Path Acquires Multifamily Property In Brooklyn For $5.08M

277 Humboldt Street

$5,075,000

$747/SF

Building Size

6,790 SF

Asset Type

MultiFamily

Closing

Apr 28, 2023

AI

The multifamily property located at 277 Humboldt Street in Brooklyn has been sold in a closed transaction. The property spans approximately 6,800 square feet and has 8 units. The sale price for the property was $5,075,000, resulting in an average price per square foot of $747, and a per unit price of $634,375.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,075,000
  • Address: 277 Humboldt Street, Brooklyn
  • Market: Brooklyn

Partners Path, represented by Michael Kalt, Alex Lebowitz, and Billy Haddad, acquired the property. The sellers were Eden Ashourzadeh and Alex Kahen. The transaction was facilitated by brokers Matthew Cosentino and Remi Norris from Terra CRG.

Players

Matthew Cosentino

Terra CRG

Broker

$319M

vol

81 deals

Broker
Michael Kalt

Michael Kalt

Partners Path

Buyer

$14.1M

vol

4 deals

Buyer

Alex Kahen

Seller

$74.9M

vol

9 deals

Seller

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.13%

Cash-on-Cash

-0.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93