Sugar Hill Capital Partners Acquires Brooklyn Multifamily For $2.6M
285 MacDonough Street, Brooklyn, NY 11233
$2,600,000
$422/SF
Building Size
6,160 SF
Asset Type
MultiFamily
Closing
Nov 13, 2018
AI
The multifamily property located at 285 MacDonough St in Brooklyn was recently sold for a price of $2,600,000. The transaction took place on November 14, 2018.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,600,000
- Seller: Eden Ashourzadeh and Alex Kahen - Ink Property Group
- Buyer: Sugar Hill Capital Partners
- Brokers: Sean Riney, Daniel Greenblatt & Will Grover - Marcus and Millichap
The sale of this property was facilitated by the brokers, Sean Riney, Daniel Greenblatt, and Will Grover from Marcus and Millichap, representing the sellers, Eden Ashourzadeh and Alex Kahen of Ink Property Group. The buyers, Sugar Hill Capital Partners, acquired the multifamily asset at 285 MacDonough St in Brooklyn.
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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93