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Multifamily Property Sold In Brooklyn For $2.5M

Property Image
SOLD
$2,500,000

New York

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MultiFamily1,960 SF
Sold 07/01/2024
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Property Image
SOLD

Multifamily Property Sold In Brooklyn For $2.5M

356 Leonard Street

See Similar Deals
MultiFamily1,960 SF
Sold 07/01/2024
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,275
Total Square Footage:1,960 SF
Transaction Type:Sale

The property asset is a multifamily building located at 356 Leonard Street in Brooklyn. The sale was finalized for a price of $2,500,000, consisting of 3 units, with a price per unit of $833,333. The total square footage of the building is 1,920, leading to a price per square foot of $1,302.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,500,000
  • Units: 3
  • Price per Unit: $833,333
  • Square Footage: 1,920
  • Price per Square Foot: $1,302
  • Seller: Francis Bobe
  • Broker: Zachi Koren - Greenhouse Advisors
  • Date of Transaction: 07/01/2024

Zachi Koren from Greenhouse Advisors represented the broker in this transaction. Francis Bobe acted as the seller of the property during this deal.

Players

Zachi Koren
2 deals$6M volume(718) 814-0465
BROKER

Details

SOLD
IMAGE: Zachi Koren DATE: 07/01/2024 ADDRESS: 356 Leonard Street MARKET: Brooklyn ASSET TYPE: Multifamily SELLER: Francis Bobe BROKER: Zachi Koren - Greenhouse Advisors (@GreenhouseAdvisors) SALE PRICE: $2,500,000 UNITS: 3 ~ PPU: $833,333 SF: 1,920 ~ PPSF: $1,302

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$133,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31