Updated Sep 5, 2024
Eden Ashourzadeh & Alex Kahen Sell 7-Unit Multifamily In Boerum Hill, Brooklyn
342 Bergen Street
$4,450,000
$780/SF
Building Size
5,700 SF
Asset Type
MultiFamily
Closing
Nov 4, 2022
About this deal
AI
A multifamily property located at 342 Bergen Street in Boerum Hill, Brooklyn has been sold for $4,450,000. The property consists of 7 units with an average price per unit of $635,714. It spans across 5,700 square feet, resulting in a price per square foot of $781.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,450,000
- Address: 342 Bergen Street
- Market: Boerum Hill, Brooklyn
- Units: 7
- Price Per Unit: $635,714
- Square Footage: 5,700
- Price Per Square Foot: $781
The sellers of the property were Eden Ashourzadeh and Alex Kahen. The transaction was facilitated by Andrew Roth of Somerset Partners acting as the broker.
On the Map
$4,450,000
$780/SF
MultiFamily
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Brooklyn 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
3.56%
Cash-on-Cash
-1.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93