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Greenbrook Partners Acquires Multifamily Property In Brooklyn For $3.65M

Property Image
SOLD
$3,650,000
Tim Thompson
Matthew (Matt) Cosentino
+ 1

New York

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MultiFamily6,000 SF
Sold 12/23/2020
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Property Image
SOLD

Greenbrook Partners Acquires Multifamily Property In Brooklyn For $3.65M

377 13th Street, Brooklyn, NY, USA

See Similar Deals
MultiFamily6,000 SF
Sold 12/23/2020
Tim Thompson
Matthew (Matt) Cosentino
+ 1
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$608
Total Square Footage:6,000 SF
Transaction Type:Sale

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

3 deals$48.1M volume
BROKER


Jamie Walker
Terra CRG
1 deal$3.7M volume
BROKER

Details

SOLD
IMAGE: Jamie Walker, Matt Cosentino & Tim Thompson DATE: 12/23/2020 ADDRESS: 377 13th Street MARKET: Brooklyn ASSET TYPE: Multifamily ~ ZONING: R6B BUYER: Greenbrook Partners - Greg Fournier SELLER: Gladys Ortiz BROKERS: Matt Cosentino, Jamie Walker & Tim Thompson - @TerraCRG PRICE: $3,650,000 SF: 6,000 ~ PPSF: $608 TAX CLASS: 2B

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$194,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,967.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,302.86
Annual Debt Service$207,634.35