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285 Pacific Street

Carlos Saavedra Acquires Multifamily Property On 285 Pacific Street For $3.85M
SOLDMultiFamily

Carlos Saavedra Acquires Multifamily Property On 285 Pacific Street For $3.85M

285 Pacific Street

$3,850,000

$1,013/SF

Building Size

3,800 SF

Asset Type

MultiFamily

Closing

May 20, 2024

AI

The multifamily property located at 285 Pacific Street in Cobble Hill was recently sold for $3,850,000. The property consists of 4 units with a total square footage of 3,800, resulting in a price per unit of $962,500 and a price per square foot of $1,013.

Summary of transaction details:

Marcel Fridman from Barcel Group and Jed Klebanow from Douglas Elliman represented the buyer, Carlos Saavedra, in this transaction.

Players

Marcel Fridman

Barcel Group

Broker

$456.5M

vol

142 deals

Broker

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

4.12%

Cash-on-Cash

-1.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93