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376 Montgomery St, Brooklyn...

Nathan Obstfeld Acquires Multi Family Property In Brooklyn For $1.8M
SOLDMultiFamily

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

Marcel Fridman

Barcel Group

Broker

$456.5M

vol

142 deals

Broker

Nathan Obstfeld

Palladium Property Group

Buyer

$5M

vol

4 deals

Buyer

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