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464 11th St, Brooklyn, NY 1...

801 Brothers LLC Acquires Multifamily Property In Brooklyn For $2.375M From Seller Felicia Dolan
SOLDMultiFamily

801 Brothers LLC Acquires Multifamily Property In Brooklyn For $2.375M From Seller Felicia Dolan

464 11th St, Brooklyn, NY 11215, USA

Building Size

2,160 SF

Asset Type

MultiFamily

Closing

Sep 26, 2017

AI

Located in the heart of Brooklyn, this multifamily property at 464 11th Street recently changed hands in a closed transaction. The property was sold for a total of $2,375,000, making it an attractive investment opportunity in the area. Situated in a bustling market in New York City, this asset offers potential for growth and profitability.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,375,000
  • Address: 464 11th Street, New York
  • Market: Brooklyn

During this transaction, Felicia Dolan acted as the seller, while 801 Brothers LLC emerged as the buyer. The deal was facilitated by Robert Chattah from a reputable brokerage. With their expertise, they ensured a smooth process for both parties involved.

Players

Robert Chattah

Broker

$227M

vol

10 deals

Broker

New York 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93