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Brent Malcolm Purchases MultiFamily Property From Phyllis Morgan For $3.2 Million In Brooklyn

Property Image
SOLD
$3,200,000

New York

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MultiFamily3,600 SF
Sold 09/08/2024
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Property Image
SOLD

Brent Malcolm Purchases MultiFamily Property From Phyllis Morgan For $3.2 Million In Brooklyn

427 1st Street

See Similar Deals
MultiFamily3,600 SF
Sold 09/08/2024
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$888
Total Square Footage:3,600 SF
Transaction Type:Sale

The property asset involved in the transaction is a MultiFamily unit located at 427 1st Street in Brooklyn. The sale price was $3,200,000, and the building comprises 3,600 square feet, resulting in a price per square foot of $888.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $3,200,000
  • Address: 427 1st Street
  • Market: Brooklyn
  • Square Feet: 3,600
  • Price Per Square Foot: $888
  • Buyer: Brent Malcolm
  • Seller: Phyllis Morgan
  • Brokers: David Avgi & Ovi Lazari - Avenues Real Estate

The key individuals involved in this deal include buyer Brent Malcolm and seller Phyllis Morgan. The transaction was represented by brokers David Avgi and Ovi Lazari from Avenues Real Estate, who provide expertise in navigating the buying and selling processes in the real estate market.

Players

David Avgi
24 deals$81.2M volume(646) 628-3220
BROKER

Ovi Lazari
Avenues Real Estate
4 deals$8.6M volume(516) 782-9664
BROKER

Details

SOLD
IMAGE: David Avgi & Ovi Lazari DATE: 09/08/2024 ADDRESS: 427 1st Street MARKET: Brooklyn ASSET TYPE: MultiFamily BUYER: Brent Malcolm SELLER: Phyllis Morgan BROKERS: David Avgi (@DavidPrettyBoy) & Ovi Lazari (@OviLazari) - Avenues Real Estate (@Avenues.RealEstate) SALE PRICE: $3,200,000 SF: 3,600 ~ PPSF: $888 NOTE FROM BROKER: For all your buying and selling needs, trust The AVGI Team to guide you through every step. Whether you're looking to design, layout, sell, or purchase a property, we are the experts dedicated to ensuring you receive top-tier luxury service. With our experience and personalized approach, we guarantee an exceptional real estate experience that puts your goals first. Let The AVGI Team turn your property dreams into reality.

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
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