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
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