Updated Oct 28, 2024
Lee Cohen's Redhoek&Partners Acquires Multifamily Property In Red Hook For $1.23M
301 Van Brunt Street, Brooklyn, New York 11231, United States
$1,230,000
$473/SF
Building Size
2,600 SF
Asset Type
MultiFamily
Closing
May 9, 2022
About this deal
AI
The multifamily property located at 301 Van Brunt St. in Red Hook has been sold for a total of $1,230,000. The transaction took place on May 10, 2022. The property consists of 3 units with a total square footage of 2,600. The price per unit was $410,000, and the price per square foot was $473. The buyer, Lee Cohen from Redhoek+Partners, acquired the property from the Gutlerrez Estate. The sale was facilitated by Lisa Sulfaro, a representative from Corcoran Group.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,230,000
- Address: 301 Van Brunt St.
- Market: Red Hook
The transaction involved the buyer, Lee Cohen, and the seller, Gutlerrez Estate. Lee Cohen was represented by Lisa Sulfaro from Corcoran Group. The sale of this multifamily property in Red Hook demonstrates the active real estate market in the area and the continued interest in investment opportunities.
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
12.90%
Cash-on-Cash
-3.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93