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Moving Keyz Realty Acquires Multifamily Property On Vanderbilt Avenue In Fort Greene For $2.8M

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SOLD
$3,100,000

New York

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MultiFamily3,360 SF
Sold 08/31/2023
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Property Image
SOLD

Moving Keyz Realty Acquires Multifamily Property On Vanderbilt Avenue In Fort Greene For $2.8M

428 Vanderbilt Avenue

See Similar Deals
MultiFamily3,360 SF
Sold 08/31/2023
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$922
Total Square Footage:3,360 SF
Transaction Type:Sale

The recently sold multifamily property located at 428 Vanderbilt Avenue in Fort Greene, Brooklyn, has garnered attention in the real estate market. This property, consisting of 2 units spanning a total area of 3,360 square feet, was listed for sale by John Collymore. Mark Obrien acquired this multifamily asset at a sale price of $2,800,000, resulting in a per unit price of $1,400,000. With a price per square foot of $833, this property offers potential for a lucrative investment opportunity.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,800,000
  • Units: 2
  • Price per Unit: $1,400,000
  • Total Square Footage: 3,360
  • Price per Square Foot: $833
  • Address: 428 Vanderbilt Avenue, Fort Greene, Brooklyn
  • Market: Fort Greene, Brooklyn

This successful all-cash deal was facilitated by Christopher A. Lee from Moving Keyz Realty. As a representative of the buyer, Mark Obrien, Christopher A. Lee played a crucial role in ensuring the smooth completion of the transaction. Moving Keyz Realty, known for its expertise in both commercial and residential real estate, operates as a boutique brokerage located in the vibrant neighborhood of Dumbo, Brooklyn.

Players

Christopher A. Lee
1 deal$3.1M volume(917) 514-8337
BROKER

Details

SOLD
IMAGE: Christopher A. Lee DATE: 08/31/2023 ADDRESS: 428 Vanderbilt Avenue MARKET: Fort Greene, Brooklyn ASSET TYPE: Multifamily BUYER: Mark Obrien SELLER: John Collymore BROKER: Christopher A. Lee - Moving Keyz Realty (@Movingkeyz) SALE PRICE: $2,800,000 UNITS: 2 ~ PPU: $1,400,000 SF: 3,360 ~ PPSF: $833 NOTE FROM BROKER: All Cash Deal Moving Keyz Realty a Boutique Commercial & Residential brokerage located in Dumbo Brooklyn

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

$165,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98