Updated Sep 5, 2024
Atlas Realty Group Partners Acquires Multifamily Property In Brighton Beach For $3.825M
3049 Brighton 12th Street
$3,825,000
$214/SF
Building Size
17,800 SF
Asset Type
MultiFamily
Closing
Jul 26, 2023
About this deal
AI
A multifamily property located at 3049 Brighton 12th St. in Brighton Beach has recently been sold for a total of $3,825,000. This property consists of 21 units and spans across approximately 17,800 square feet. The sale price per unit amounts to $182,142, while the price per square foot is $214.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,825,000
- Units: 21
- Price per Unit: $182,142
- Square Footage: 17,800
- Price per Square Foot: $214
- Address: 3049 Brighton 12th St.
- Market: Brighton Beach
The brokers involved in this deal are Yosef Katz, Erik Yankelovich, and Shlomo Antebi from Atlas Realty Group Partners LLC. They represented the parties involved in the transaction, ensuring a successful completion of the sale.
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
4.15%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93