Updated Oct 29, 2024
Cycamore Acquires South Slope Multifamily For $1.77M With Broker John Brennan
291 20th St, Brooklyn, NY 11215, USA
$1,776,000
$430/SF
Building Size
4,125 SF
Asset Type
MultiFamily
Closing
Jul 17, 2019
About this deal
AI
A multifamily property located at 291 20th Street in South Slope - Brooklyn has been sold for a price of $1,776,000. The property spans a total of 4,125 square feet, resulting in a price per square foot of $430.55. The transaction was completed on 07/18/2019.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,776,000
- Address: 291 20th Street, South Slope - Brooklyn
- Market: South Slope - Brooklyn
- Size: 4,125 square feet
- Price per Square Foot: $430.55
The buyer of the property is Cycamore, represented by Johnny Din & Jon Cypers. The transaction was facilitated by broker John Brennan from Marcus & Millichap. It is worth noting that the property consists of six free-market units.
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
8.93%
Cash-on-Cash
-2.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93