FCA Sells Property At 433 Miller Ave Brooklyn For $3.8 Million With Buyer's Rep Jonathan Cypers
433 Miller Ave, Brooklyn, NY, 11207
$3,800,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 20, 2023
AI
An apartment building located at 433-439 Miller Ave, Brooklyn, NY, was sold for $3,800,000. The property consists of 25 units and has a square footage of 0. It is situated in the Brooklyn market.
Summary of transaction details:
- Property Type: Apartment Building
- Transaction Amount: $3,800,000.00
- Address: 433 Miller Ave, Brooklyn, NY, 11207
- Buyer: FCA
- Seller: FCA
- Buyer's Representative: Jonathan Cypers - Marcus & Millichap
- Market: Brooklyn
Marcus & Millichap played a key role in this transaction, with Shaun Riney, Thomas Shihadeh, Daniel Greenblatt, William Grover, and Jonathan Cypers representing both the buyer and seller in the deal, signifying a collaborative effort in facilitating this real estate transaction.
Players
Brooklyn 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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93