Atlas Realty Group Partners Acquires Brooklyn Multifamily For $2.025M
327 East 22nd Street, New York, NY 10010
$2,025,000
$195/SF
Building Size
10,378 SF
Asset Type
MultiFamily
Closing
Nov 3, 2021
AI
The multifamily property located at 327 East 22nd Street in Brooklyn has been sold for $2,025,000. The property spans 10,378 square feet, resulting in a price per square foot of $195. It consists of eight units, with each unit being sold at an average price of $253,125. The transaction took place on November 3, 2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,025,000
- Address: 327 East 22nd Street
- Market: Brooklyn
- Zoning: R6A
The sale was facilitated by Atlas Realty Group Partners LLC, with Shlomo Antebi, Yosef Katz, Erik Yankelovich, and Natan Safdieh serving as the brokers in the deal on behalf of The Delsoin Family.
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
7.83%
Cash-on-Cash
-2.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93