Chad Kurland Acquires Multifamily Property On 445 Rogers Avenue, Brooklyn For $2.55M
SOLD
$2,550,000
+ 1
New York
See Similar DealsMultiFamily6,840 SF
Sold 04/14/2021
SOLD
Chad Kurland Acquires Multifamily Property On 445 Rogers Avenue, Brooklyn For $2.55M
445 Rogers Avenue, Brooklyn, NY 11225, USA
See Similar DealsMultiFamily6,840 SF
Sold 04/14/2021
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$372
Total Square Footage:6,840 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$136,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,059.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,088.30
Annual Debt Service$145,059.61
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