Nathan Obstfeld Acquires Multi Family Property In Brooklyn For $1.8M
376 Montgomery St, Brooklyn, NY 11225, USA
Building Size
87,000 SF
Asset Type
MultiFamily
Closing
Jun 18, 2018
AI
The multi-family property located at 376 Montgomery St in Brooklyn, New York has been sold in a closed transaction. The property spans across 8,700 square feet and consists of 8 units. The transaction was completed on June 19, 2018, with a sale price of $1,800,000, resulting in a price per unit of $225,000.
Summary of transaction details:
- Property Type: Multi Family
- Transaction Amount: $1,800,000
- Address: 376 Montgomery St, Brooklyn, New York
- Market: Brooklyn
- Date: June 19, 2018
- Square Footage: 8,700 sf
- Units: 8
- Price per Unit: $225,000
In this transaction, the property was sold by Pamela Cummings and purchased by Nathan Obstfeld. The deal was facilitated by Marcel Fridman of ork.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93