facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

427 1st Street

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

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

427 1st Street

$3,200,000

$888/SF

Building Size

3,600 SF

Asset Type

MultiFamily

Closing

Sep 8, 2024

AI

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

Avenues Real Estate

Broker

$81.2M

vol

24 deals

Broker

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

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93