Updated Oct 25, 2024
Greg Coady, Greg Moers, Nick Coady, And Sam Terzi Acquire Multifamily Property In Buskwick, Brooklyn
326 Cornelia Street, Brooklyn, NY 11237, USA
$1,700,000
$534/SF
Building Size
3,180 SF
Asset Type
MultiFamily
Closing
Apr 10, 2019
About this deal
AI
A multifamily property located at 326 Cornelia St in Buskwick, Brooklyn has been sold for $1.7 million. The property spans 3,180 square feet, resulting in a price per square foot of $534.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1.7M
- Address: 326 Cornelia St
- Market: Buskwick, Brooklyn
- Buyer: Greg Coady, Greg Moers, Nick Coady & Sam Terzi
- Seller: Oren Hakim
- Broker: Nile Lundgren @Compass
The individuals involved in the deal were Greg Coady, Greg Moers, Nick Coady, and Sam Terzi as the buyers, and the seller was Oren Hakim. Nile Lundgren from Compass acted as the broker in this transaction.
On the Map
$1,700,000
$534/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93