Workforce Housing Group Acquires Multifamily Property In Brooklyn For $3.8M
SOLD
+ 3
New York
See Similar DealsMultiFamily23,420 SF
Sold 11/29/2020
SOLD
Workforce Housing Group Acquires Multifamily Property In Brooklyn For $3.8M
433 Miller Ave, Brooklyn, NY 11207, USA
See Similar DealsMultiFamily23,420 SF
Sold 11/29/2020
+ 3
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$0
Total Square Footage:23,420 SF
Transaction Type:Sale
Located at 433-439 Miller Avenue in Brooklyn, New York, this multifamily property was recently sold in a closed transaction for a price of $3,800,000. The property spans a total of 23,420 square feet, resulting in a price per square foot of $162. It consists of 25 units, offering ample residential space for tenants in the area.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,800,000
- Square Footage: 23,420 sf
- Price per Square Foot: $162
- Number of Units: 25
The seller of this property was Miller Avenue Realty Inc., represented by Abe Brender. On the buyer's side, Workforce Housing Group, led by John Warren, acquired the property. The deal was facilitated by Marcus & Millichap's Shaun Riney, demonstrating their expertise in commercial real estate transactions.
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Debt Service Coverage Ratio (DSCR)
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Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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