Updated Dec 19, 2023
Atlas Realty Group Partners LLC Acquires Multifamily Property In Kensington, Brooklyn For $18.8M
430 Ocean Parkway, Brooklyn, New York 11218, United States
$18,796,000
$212/SF
Building Size
88,277 SF
Asset Type
MultiFamily
Closing
Jun 22, 2022
About this deal
AI
A multifamily property located at 430 Ocean Pkwy in Kensington, Brooklyn, was recently sold for a total of $18,796,000. The transaction took place on 06/23/2022. The property consists of 84 units, with an average price per unit of $223,761. The total square footage of the property is 88,277, resulting in a price per square foot of $212. The sale was handled by Yosef Katz, Erik Yankelovich, and Shlomo Antebi, who are brokers representing Atlas Realty Group Partners LLC.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $18,796,000
- Address: 430 Ocean Pkwy
- Market: Kensington, Brooklyn
- Units: 84
- Price Per Unit: $223,761
- Total Square Footage: 88,277
- Price Per Square Foot: $212
The sale of this multifamily property was facilitated by Yosef Katz, Erik Yankelovich, and Shlomo Antebi from Atlas Realty Group Partners LLC. Their expertise and experience in the real estate industry were instrumental in completing this transaction.
Players
New York 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
0.84%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93