Updated Nov 29, 2023
Sarah McNally Acquires Multifamily Property On Adelphi Street In Fort Greene For $2.5M
370 Adelphi St, Brooklyn, NY 11238, USA
$2,525,000
$72/SF
Building Size
35,000 SF
Asset Type
MultiFamily
Closing
Apr 17, 2019
About this deal
AI
Located in the Fort Greene neighborhood, the multifamily property at 370 Adelphi Street has been sold for a final price of $2,525,000. Spanning over 3,500 square feet, this asset offers ample space for its future occupants. With an asking price of $2,850,000, the property was sold at a price per square foot of $721.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,525,000
- Address: 370 Adelphi Street
- Market: Fort Greene
- Size: 3,500 square feet
The sellers, Earl Davis and Lawrence Best, were represented by Marsha Yarde and Carine Eustache Jones. On the other side of the deal, the buyer, Sarah Mcnally, was represented by Karen Talbott.
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
6.28%
Cash-on-Cash
-1.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93