facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

445 Rogers Avenue, Brooklyn...

Chad Kurland Acquires Multifamily Property On 445 Rogers Avenue, Brooklyn For $2.55M
SOLDMultiFamily

Chad Kurland Acquires Multifamily Property On 445 Rogers Avenue, Brooklyn For $2.55M

445 Rogers Avenue, Brooklyn, NY 11225, USA

$2,550,000

$372/SF

Building Size

6,840 SF

Asset Type

MultiFamily

Closing

Apr 13, 2021

AI

445 Rogers Avenue in Prospect Lefferts Gardens, Brooklyn has been sold in a closed transaction. The property is a multifamily asset with a total square footage of 6,840. The sale was finalized on April 14, 2021, with a sale price of $2,550,000, resulting in a price per square foot of $372.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,550,000
  • Address: 445 Rogers Avenue
  • Market: Prospect Lefferts Gardens, Brooklyn

The buyer in this transaction is Chad Kurland, while the seller is Morty Kozak. Representing the deal were Derek Bestreich, Steve Reynolds, and Tom Reynolds from Bestreich Realty Group.

Players

Derek Bestreich

Investment Property Realty Group (IPRG)

Broker

$1.1B

vol

312 deals

Broker

Morty Kozak

Seller

$2.6M

vol

2 deals

Seller

New York 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

6.22%

Cash-on-Cash

-1.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93