Updated Dec 4, 2024
Capri Family Acquires Multifamily Property In Sunset Park, Brooklyn For $1.9M
426 49th Street & 434 49th Street
$1,900,000
$69/SF
Building Size
13,664 SF
Asset Type
MultiFamily
Closing
Nov 10, 2023
About this deal
AI
The multifamily property located at 426 49th Street & 434 49th Street in Sunset Park, Brooklyn has been sold in a closed transaction. The property consists of 16 units and spans a total square footage of 13,664. The sale price for this transaction was $1,900,000, resulting in a price per unit (PPU) of $118,750 and a price per square foot (PPSF) of $139.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,900,000
- Number of Units: 16
- Price Per Unit (PPU): $118,750
- Total Square Footage: 13,664
- Price Per Square Foot (PPSF): $139
The buyer in this transaction is Capri Family, while the seller is Brach Family. The deal was facilitated by Marcel Fridman of the Barcel Group, representing the buyer.
Players
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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93