Updated Sep 9, 2024
Meridian Capital Group Brokers $4.25M Multifamily Sale In Prospect Lefferts Garden
42 Hawthorne Street
$4,250,000
$326/SF
Building Size
13,000 SF
Asset Type
MultiFamily
Closing
Jan 12, 2023
About this deal
AI
The multifamily property located at 42 Hawthorne Street in Prospect Lefferts Garden has been sold for $4,250,000. The property consists of 9 units, with a price per unit of $472,222. The total square footage of the property is 13,000, resulting in a price per square foot of $327.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $4,250,000
- Units: 9
- Price per Unit: $472,222
- Square Footage: 13,000
- Price per Square Foot: $327
The sale was facilitated by Adam Hess and Edward Setton from Meridian Capital Group, who represented the buyer and seller in the transaction.
Players
Prospect Lefferts Garden, NY 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
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93