Updated Dec 21, 2023
Ed Nestorovic Acquires Multifamily Property In Greenwood Heights, Brooklyn For $1.475M
335 21st St, Brooklyn, NY 11215, USA
$1,475,000
$41/SF
Building Size
35,500 SF
Asset Type
MultiFamily
Closing
Feb 20, 2020
About this deal
AI
A multifamily property located at 335 21st Street in Greenwood Heights, Brooklyn has been sold in a closed transaction. The property consists of 5 units and spans across 3,550 square feet. The sale price for this property was $1,475,000, resulting in a price per square foot of $415. The buyer, Ed Nestorovic, acquired the property from the seller, Joe Marsella.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,475,000
- Square Footage: 3,550
- Price Per Square Foot: $415
Representing the buyer and seller in this transaction were John Brennan and Matt Dittmeier from Marcus & Millichap. They were the brokers involved in facilitating the deal.
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
10.75%
Cash-on-Cash
-3.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93