Connor Domershick & Max Maleh Acquire Multifamily Property In Boerum Hill For $3.93M
372 Baltic Street, Brooklyn, New York 11201, United States
$3,930,000
$564/SF
Building Size
6,960 SF
Asset Type
MultiFamily
Closing
Oct 19, 2022
AI
The multifamily property located at 372 Baltic Street in Boerum Hill has been sold. The property spans a total of 6,960 square feet and was sold for a price of $3,930,000, resulting in a price per square foot of $565.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $3,930,000
- Square Footage: 6,960
- Address: 372 Baltic Street
- Market: Boerum Hill
The buyers of the property are Connor Domershick and Max Maleh, while the seller is Michael Shah. The deal was facilitated by brokers Shaun Riney, Daniel Greenblatt, Michael Salvatico, and Robbie Ferman from Marcus & Millichap.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.04%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93