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284 Prospect Park West, Bro...

Sam Rabinowitz Acquires Brooklyn Multifamily For $2.95M With Brokers Jon Cypers, Shaun Riney, Mike Salvatico
SOLDMultiFamily

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

Michael Salvatico

Marcus & Millichap

Broker

$787M

vol

173 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

358 deals

Broker

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