facebook
Traded Co logo
Submit

Abro Management Acquires MultiFamily Property In Brooklyn For $22.7M With Sellers CBZ Management And Brokers Aaron Jungreis And Mike Kerwin

Property Image
SOLD
$22,700,000
Mike Kerwin
Aaron Jungreis

New York

See Similar Deals
MultiFamily67,000 SF
Sold 08/01/18
the dealplayerscompscontact
Property Image
SOLD

Abro Management Acquires MultiFamily Property In Brooklyn For $22.7M With Sellers CBZ Management And Brokers Aaron Jungreis And Mike Kerwin

346 E 29th St, Brooklyn, NY 11226, USA

See Similar Deals
MultiFamily67,000 SF
Sold 08/01/18
Mike Kerwin
Aaron Jungreis
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$338
Total Square Footage:67,000 SF
Transaction Type:Sale

The sale of a multifamily property at 346 East 29th Street in Brooklyn, New York has been completed for a total price of $22,700,000. The property spans approximately 67,000 square feet.

Summary of transaction details

  • Property Type: MultiFamily
  • Transaction Amount: $22,700,000
  • Address: 346 East 29th Street, New York
  • Market: Brooklyn

The sellers of the property were CBZ Management, while the buyers were Abro Management. The deal was facilitated by Aaron Jungreis and Mike Kerwin from Rosewood Realty Group.

Players

Aaron Jungreis
Rosewood Realty Group
Aaron Jungreis
204 deals$4.3B volume(212) 359-9900
BROKER
Mike Kerwin
Rosewood Realty Group
Mike Kerwin
31 deals$292.3M volume(212) 359-9920
BROKER
AM
Abro Management
BUYER
CM
CBZ Management
SELLER

Details

SOLD
IMAGE: Mike Kerwin (@Mike_Kerwin25) and @AaronJungreis DATE: 08/02/18 ADDRESS: 346 East 29th Street CITY: NewYork MARKET: Brooklyn ASSET TYPE: MultiFamily PRICE: $22,700,000 SF: 67,000 SELLER: CBZ Management BUYER: Abro Management BROKERS: Aaron Jungreis and Mike Kerwin of @RosewoodRealtyGroup

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,210,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$80,648.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$107,609.58
Annual Debt Service$1,291,314.97