Sam Rabinowitz Acquires Brooklyn Multifamily For $2.95M With Brokers Jon Cypers, Shaun Riney, Mike Salvatico
284 Prospect Park West, Brooklyn, NY 11215, USA
Building Size
63,180 SF
Asset Type
MultiFamily
Closing
Apr 10, 2018
AI
The multifamily property located at 284 Prospect Park West in Brooklyn, New York, has been sold in a closed transaction for a price of $2,950,000. The property spans a total area of 6,318 square feet, resulting in a price per square foot of $474. The asset consists of two units and is situated in a desirable market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,950,000
- Address: 284 Prospect Park West, Brooklyn, New York
- Market: Brooklyn
- Square Footage: 6,318 sf
- Price Per Square Foot: $474
- Units: 2
The seller of the property was the Estate of Ellen Berson, while the buyer was Sam Rabinowitz. The transaction was facilitated by brokers Jon Cypers, Shaun Riney, and Mike Salvatico.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93