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285 MacDonough Street, Broo...

Sugar Hill Capital Partners Acquires Brooklyn Multifamily For $2.6M
SOLDMultiFamily

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

Zalman Yarmush

Yarmush Investment Group

Broker

$90.8M

vol

25 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

358 deals

Broker
Sugar Hill Capital Partners
Sugar Hill Capital PartnersBuyer

Alex Kahen

Ink Property Group

Seller

$74.9M

vol

9 deals

Seller

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