Updated Dec 4, 2024
Atlas Realty Group Sells Multifamily Property In Stuyvesant Heights, Brooklyn For $3.2M
385 Chauncey Street
$3,200,000
$586/SF
Building Size
5,460 SF
Asset Type
MultiFamily
Closing
Oct 30, 2023
About this deal
AI
A multi-family property located at 385 Chauncey Street in Stuyvesant Heights, Brooklyn has been sold for a transaction price of $3,200,000. The property consists of six units with an average price per unit of $533,333. The total square footage of the property is 5,460, resulting in a price per square foot of $586.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,200,000
- Address: 385 Chauncey Street
- Market: Stuyvesant Heights, Brooklyn
- Brokers: Shlomo Antebi, Yosef Katz, and Erik Yankelovich - Atlas Realty Group
- Units: 6
- Price per Unit: $533,333
- Square Footage: 5,460
- Price per Square Foot: $586
The sale of this multi-family property was facilitated by the brokers Shlomo Antebi, Yosef Katz, and Erik Yankelovich from Atlas Realty Group. They played a key role in the transaction, representing the buyer and seller throughout the process.
Players
Street 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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93