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
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