Alchemy Ventures Acquires Multifamily Property In Cobble Hill, Brooklyn For $4.4M
327 Henry Street, Brooklyn, New York 11201, United States
$4,425,000
$737/SF
Building Size
6,000 SF
Asset Type
MultiFamily
Closing
Aug 31, 2022
AI
A multifamily property located at 327 Henry St. in Cobble Hill, Brooklyn, was recently sold for $4,425,000. The property spans approximately 6,000 square feet, resulting in a price per square foot of $737. The sale took place on September 1, 2022, and involved the buyer, Alchemy Ventures, and the seller, The Honig Family.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,425,000
- Square Footage: 6,000
- Price per Square Foot: $737
- Address: 327 Henry St.
- Market: Cobble Hill, Brooklyn
The deal was facilitated by the brokers involved, including Shaun Riney, Michael Salvatico, and Robbie Ferman from Marcus & Millichap, as well as Luke Sproviero and Daniel Shawah from Investment Property Realty Group (IPRG).
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.58%
Cash-on-Cash
-1.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93