Alpha Realty Represents Sale Of 20-Unit Multifamily In New York City For $4.6M
29 Brooklyn Avenue
$4,600,000
$297/SF
Building Size
15,440 SF
Asset Type
MultiFamily
Closing
Nov 22, 2022
AI
A multifamily property located at 29 Brooklyn Avenue in New York City has been sold in a closed transaction. The property consists of 20 units with a price per unit (PPU) of $230,000. The total square footage (SF) of the property is 15,440, with a price per square foot (PPSF) of $298. The transaction closed at a sale price of $4,600,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,600,000
- Address: 29 Brooklyn Avenue, New York City
- Market: New York City
The sale of the property was facilitated by Lev Mavashev and Daniel Aminov, representing Alpha Realty. They acted as brokers in the transaction, ensuring a successful closing for both the buyer and seller.
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
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93