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327 Henry Street, Brooklyn,...

Alchemy Ventures Acquires Multifamily Property In Cobble Hill, Brooklyn For $4.4M
SOLDMultiFamily

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

Michael Salvatico

Marcus & Millichap

Broker

$787M

vol

173 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

358 deals

Broker
Alchemy Ventures
Alchemy VenturesBuyer

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

3.58%

Cash-on-Cash

-1.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93