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385 Chauncey Street

Updated Dec 4, 2024

Atlas Realty Group Sells Multifamily Property In Stuyvesant Heights, Brooklyn For $3.2M
SOLDMultiFamily

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:

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

Erik Yankelovich

Atlas Realty Group

Broker

$1.1B

vol

135 deals

Broker

Street MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $586 per square foot on a published $3.2M for 5,460 square feet (2023).

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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

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