facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

411 State St Brooklyn, NY 1...

Eric Orlofsky Sells Multifamily Property On State Street, New York City For $4.7M
SOLDMultiFamily

Eric Orlofsky Sells Multifamily Property On State Street, New York City For $4.7M

411 State St Brooklyn, NY 11217, USA

$4,700,000

$669/SF

Building Size

7,020 SF

Asset Type

MultiFamily

Closing

Aug 1, 2023

AI

The multifamily property located at 411 State Street, New York City, has been sold for a total price of $4,700,000. The property consists of 8 units with an average price per unit of $587,500. The total square footage of the property is 7,020, resulting in a price per square foot of $670.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,700,000
  • Units: 8
  • Price per Unit: $587,500
  • Square Footage: 7,020
  • Price per Square Foot: $670
  • Address: 411 State Street, New York City

Zachary Fuchs of GFI Realty Services, along with Alex Fuchs and Ben Khakshoor of Rosewood Realty Group, represented the seller, Eric Orlofsky, in this transaction.

Players

Ben Khakshoor

Rosewood Realty Group

Broker

$2B

vol

137 deals

Broker
Eric Orlofsky

Eric Orlofsky

Center Street Capital

Seller

$33.8M

vol

8 deals

Seller

New York 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

3.38%

Cash-on-Cash

-0.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93