Vincent Pitta Sells MultiFamily Building At 425 Court Street Brooklyn For $3.7M With Brokers Haley Hasho & Joey Mohsen
425 Court Street
$3,700,000
$925/SF
Building Size
4,000 SF
Asset Type
MultiFamily
Closing
Nov 5, 2024
AI
This multi-family property is located at 425 Court Street in Brooklyn. The sale of this asset was completed for a price of $3,700,000. The building consists of 4 units, yielding a price per unit of $925,000. The total square footage of the property is 4,000, resulting in a price per square foot of $925. The building was delivered 100% occupied.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,700,000
- Address: 425 Court Street
- Market: Brooklyn
- Units: 4
- Price per Unit: $925,000
- Total Square Footage: 4,000
- Price per Square Foot: $925
- Seller: Vincent Pitta
- Brokers: Haley Hasho & Joey Mohsen - Exodus Capital
Haley Hasho and Joey Mohsen acted as the broker representatives in this transaction, representing the seller, Vincent Pitta. The involvement of Exodus Capital highlights the brokerage's role in facilitating this sale.
Players
Brooklyn 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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93