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377 13th Street, Brooklyn, ...

Greenbrook Partners Acquires Multifamily Property In Brooklyn For $3.65M
SOLDMultiFamily

Greenbrook Partners Acquires Multifamily Property In Brooklyn For $3.65M

377 13th Street, Brooklyn, NY, USA

$3,650,000

$608/SF

Building Size

6,000 SF

Asset Type

MultiFamily

Closing

Dec 22, 2020

AI

A multifamily property located at 377 13th Street in Brooklyn was recently sold for $3,650,000. The property spans across 6,000 square feet and has a price per square foot of $608. The transaction took place on December 23, 2020.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,650,000
  • Address: 377 13th Street, Brooklyn
  • Market: Brooklyn
  • Zoning: R6B

The buyer of the property was Greenbrook Partners, represented by Greg Fournier. The seller was Gladys Ortiz. The brokers involved in the deal were Matt Cosentino, Jamie Walker, and Tim Thompson from erraCRG. The property is classified under Tax Class 2B.

Players

Tim Thompson

Broker

$48.1M

vol

3 deals

Broker

Greg Fournier

Greenbrook Partners

Buyer

$607.1M

vol

19 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

4.35%

Cash-on-Cash

-1.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93