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342 Bergen Street

Eden Ashourzadeh & Alex Kahen Sell 7-Unit Multifamily In Boerum Hill, Brooklyn
SOLDMultiFamily

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

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.

Players

Andrew J. Roth

Somerset Residential

Broker

$11.5M

vol

13 deals

Broker

Alex Kahen

Seller

$74.9M

vol

9 deals

Seller

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

3.56%

Cash-on-Cash

-1.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93