Updated Dec 21, 2023
Gail Freeman Sells Multifamily Property On Bergen Street In Brooklyn For $3M
415 Bergen Street, Brooklyn, NY, USA
$3,000,000
$750/SF
Building Size
4,000 SF
Asset Type
MultiFamily
Closing
Jun 24, 2021
About this deal
AI
A multifamily property located at 415 Bergen Street in Brooklyn was recently sold for a total of $3,000,000. The property spans approximately 4,000 square feet, resulting in a price per square foot of $750. The sale took place on June 25, 2021 and the seller was Gail Freeman.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,000,000
- Address: 415 Bergen Street
- Market: Brooklyn
- Seller: Gail Freeman
The sale of the property was facilitated by brokers Jakub Nowak and Jesse Kay, who are associated with The Nowak Group and Marcus & Millichap NY, respectively.
Players
New York 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93