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425 Court Street

Vincent Pitta Sells MultiFamily Building At 425 Court Street Brooklyn For $3.7M With Brokers Haley Hasho & Joey Mohsen
SOLDMultiFamily

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

Haley Hasho

Exodus Capital

Broker

$378.2M

vol

47 deals

Broker

Brooklyn 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

4.29%

Cash-on-Cash

-1.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93