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

Property Image
SOLD
$3,850,000

New York

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MultiFamily3,800 SF
Sold 05/20/2024
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Property Image
SOLD

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

285 Pacific Street

See Similar Deals
MultiFamily3,800 SF
Sold 05/20/2024
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,013
Total Square Footage:3,800 SF
Transaction Type:Sale

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
141 deals$451.5M volume
BROKER

Jed Klebanow
Douglas Elliman
6 deals$36.3M volume
BROKER

Details

SOLD
IMAGE: Marcel Fridman & Jed Klebanow DATE: 05/20/2024 ADDRESS: 285 Pacific Street MARKET: Cobble Hill ASSET TYPE: Multifamily BUYER: Carlos Saavedra BROKERS: Marcel Fridman (@MF_1629) - Barcel Group (@BarcelGroups) & Jed Klebanow - Douglas Elliman (@DouglasElliman) SALE PRICE: $3,850,000 UNITS: 4 ~ PPU: $962,500 SF: 3,800 ~ PPSF: $1,013

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,678.25
Cash-on-Cash Return-1.27%
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