Updated Sep 5, 2024
307 Troutman St In Brooklyn Sold For $2 Million With Brian Davila As The Broker
307 Troutman St, Brooklyn, NY, 11237
$2,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 21, 2019
About this deal
AI
This property is located at 307 Troutman St, Brooklyn, NY, 11237. The transaction price for this asset is $2,000,000. The building features eight apartments and has a footprint of 25 by 65 ft, offering an overall square footage of approximately 6,500 sq ft. The market for this transaction is Brooklyn.
Summary of transaction details:
- Property Type: Multi-Family
- Transaction Amount: $2,000,000.00
- Address: 307 Troutman St, Brooklyn, NY, 11237
- Square Footage: 6,500 sq ft
- Brokers: Brian Davila - Investment Property Realty Group (IPRG)
- Buyer: Unknown
- Seller: Unknown
Brian Davila, Steve Reynolds, Derek Bestreich, and Tom Reynolds participated as representatives in this transaction, representing both the seller and the purchaser, who is identified as a private investor.
Players
Brooklyn 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93