Updated May 16, 2025
Atlas Realty Group Partners LLC Acquires Multifamily Asset In Brighton Beach, Bensonhurst For $12.5M
2985 Ocean Parkway, Brooklyn, New York 11235, United States
$12,500,000
$231/SF
Building Size
54,000 SF
Asset Type
MultiFamily
Closing
Jun 7, 2022
About this deal
AI
The asset involved in the transaction is located at 2985 Ocean Pkwy. & 2301 65th Street within the Brighton Beach, Bensonhurst market. This multifamily property features 66 units and encompasses a total square footage of 54,000. The sale price of the property was $12,500,000, resulting in a price per unit of $189,393 and a price per square foot of $231.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $12,500,000
- Units: 66
- Square Footage: 54,000
- Price Per Unit: $189,393
- Price Per Square Foot: $231
- Address: 2985 Ocean Pkwy. & 2301 65th Street
- Market: Brighton Beach, Bensonhurst
The individuals involved in this transaction include brokers Yosef Katz, Erik Yankelovich, Shlomo Antebi, and Sam Schwartz, representing Atlas Realty Group Partners LLC in the deal.
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
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93