Updated Dec 21, 2023
Atlas Realty Group Partners Acquires 59-Unit Multifamily In Kensington For $10.35M
450 Ocean Parkway, Brooklyn, New York 11218, United States
$10,353,000
$148/SF
Building Size
69,685 SF
Asset Type
MultiFamily
Closing
May 18, 2022
About this deal
AI
A multifamily property located at 450 Ocean Pkwy in Kensington has been sold for $10,353,000. The property consists of 59 units with an average price per unit of $175,474. The total square footage of the property is 69,600, resulting in a price per square foot of $148.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $10,353,000
- Address: 450 Ocean Pkwy
- Market: Kensington
The sale was facilitated by Yosef Katz, Erik Yankelovich, and Shlomo Antebi of Atlas Realty Group Partners LLC.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.53%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93