Cohabs Acquires MultiFamily Property In Stuyvesant Heights, Brooklyn For $3.2M
391 Lewis Ave Brooklyn, NY 11233, USA
$3,200,000
$533/SF
Building Size
6,000 SF
Asset Type
MultiFamily
Closing
Sep 1, 2023
AI
A multi-family property located at 391 Lewis Avenue in Stuyvesant Heights, Brooklyn has been sold for $3,200,000. The property consists of 4 units with an average price per unit of $800,000. It spans over 6,000 square feet, resulting in a price per square foot of $533.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,200,000
- Units: 4
- Average Price Per Unit: $800,000
- Square Footage: 6,000
- Price Per Square Foot: $533
- Address: 391 Lewis Avenue, Stuyvesant Heights, Brooklyn
- Market: Stuyvesant Heights, Brooklyn
- Buyer: Cohabs
- Seller: Nina Hooks
- Brokers: Sean Mashihi & Gabriel Kates - Block Real Estate Group
The sale was facilitated by Sean Mashihi and Gabriel Kates, representing the Block Real Estate Group. Cohabs purchased the property from Nina Hooks.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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