Updated Dec 20, 2023
Rosewood Realty Group Brokers Aaron Jungreis & Alex Fuchs Acquire Multifamily Asset In Brooklyn For $14.7M
30 Linden Boulevard, Brooklyn, NY, USA
$14,700,000
$151/SF
Building Size
97,000 SF
Asset Type
MultiFamily
Closing
Aug 3, 2021
About this deal
AI
An 86-unit multifamily property in Brooklyn has recently been sold for a whopping $14,700,000. The property, located at 30 Linden Boulevard & 822 Ocean Avenue, spans across approximately 97,000 square feet, resulting in a price per square foot of $151. The transaction was orchestrated by the brokerage firm Rosewood Realty Group, with the representation of Aaron Jungreis and Alex Fuchs.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $14,700,000
- Address: 30 Linden Boulevard & 822 Ocean Avenue, Brooklyn
- Square Footage: 97,000
- Price Per Square Foot: $151
- Units: 86
- Price Per Unit: $170,930
- Market: Brooklyn
This successful sale was facilitated by Aaron Jungreis and Alex Fuchs from Rosewood Realty Group. Their expertise and representation played a pivotal role in completing this significant transaction.
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
1.08%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93