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
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