Updated Dec 20, 2023
Edward Azria And Steven Novick Acquire Multi-Family Property In Cobble Hill, Brooklyn For $5.26M
36 Verandah Pl, Brooklyn, NY 11201, USA
$5,260,000
$1,753/SF
Building Size
3,000 SF
Asset Type
MultiFamily
Closing
Nov 28, 2020
About this deal
AI
Edward Azria and Steven Novick represented the seller and buyer, respectively, in the closed transaction at 36 Verandah Place in Cobble Hill, Brooklyn. The multi-family property was sold for a price of $5,260,000 and spans 3,000 square feet. The seller, Leslie Alexander, successfully completed the deal with the buyer, John Katz.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $5,260,000
- Square Footage: 3,000
- Address: 36 Verandah Place
- Market: Cobble Hill, Brooklyn
Edward Azria, from an undisclosed agency, and Steven Novick, from an undisclosed agency, acted as brokers in this transaction.
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
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93