Updated Oct 29, 2024
Lott Avenue Owner Acquires Property From Monaco Family In Brooklyn For $2.8 Million
45 Lott Ave, Brooklyn, NY, 11212
$2,800,000
$267/SF
Building Size
10,450 SF
Asset Type
MultiFamily
Closing
Nov 20, 2023
About this deal
AI
The property located at 45 Lott Ave, Brooklyn, NY, 11212 was sold for $2,800,000.00. It has a total square footage of 10,450 and is situated in the Brooklyn market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $2,800,000.00
- Address: 45 Lott Ave, Brooklyn, NY, 11212
- Square Footage: 10,450
- Buyer: Lott Avenue Owner
- Seller: Monaco Family
- Buyer's Representative: Jackie Himmelstein - The Besen Group
The transaction involved Lott Avenue Owner as the buyer and Monaco Family as the seller. Jackie Himmelstein from The Besen Group represented the buyer in this closed 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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93