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283 Evergreen Ave, Brooklyn...

Private Investor Acquires Property At 283 Evergreen Ave Brooklyn For $3.3M With Seller's Rep Daniel Greenblatt
SOLDMultiFamily

Private Investor Acquires Property At 283 Evergreen Ave Brooklyn For $3.3M With Seller's Rep Daniel Greenblatt

283 Evergreen Ave, Brooklyn, NY, 112...

$3,300,000

Building Size

Asset Type

MultiFamily

Closing

Feb 22, 2019

AI

The property involved in this transaction is an eight-unit apartment building located at 283-285 Evergreen Ave, Brooklyn, NY, contributing to the vibrant housing market of Brooklyn. The building was sold for $3,300,000.00, reflecting its value within the area. The total square footage for the property is 0.

Summary of transaction details:

  • Property Type: Apartment Building
  • Transaction Amount: $3,300,000.00
  • Address: 283-285 Evergreen Ave, Brooklyn, NY, 112...
  • Market: Brooklyn
  • Seller's Representative: Daniel Greenblatt - Marcus & Millichap
  • Buyer: Private Investor
  • Seller: Private Investor

Representatives from Marcus & Millichap, including Shaun Riney and Thomas Shihadeh, played a significant role in facilitating the deal while representing the seller, a private investor. The buyer, also a private investor, engaged in this transaction within the Bushwick neighborhood, highlighting the interest in residential properties in the area.

Players

Daniel Greenblatt

Marcus & Millichap

Broker

$263.4M

vol

69 deals

Broker

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

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93