Updated Dec 21, 2023
The Phillibert Family Sells Prospect Lefferts Gardens Multifamily For $2.2M
315 Fenimore Street, Brooklyn, NY 11225, USA
$2,200,000
$136/SF
Building Size
16,080 SF
Asset Type
MultiFamily
Closing
Oct 4, 2021
About this deal
AI
The multifamily property located at 315 Fenimore St. in Prospect Lefferts Gardens has been sold for a total price of $2,200,000. The property consists of 24 units, resulting in a price per unit (PPU) of $91,666. The total square footage of the property is 16,080, with a price per square foot (PPSF) of $136.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,200,000
- Units: 24
- Price per Unit: $91,666
- Square Footage: 16,080
- Price per Square Foot: $136
Erik Rodriguez from Rodriguez Commercial Realty represented the seller, The Phillibert Family, in this transaction.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93