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473 Monroe Street

Malcolm Louis Adams Represents Buyer In $1.55M Sale Of Brooklyn Multifamily Property
SOLDMultiFamily

Malcolm Louis Adams Represents Buyer In $1.55M Sale Of Brooklyn Multifamily Property

473 Monroe Street

$1,550,000

$1,033/SF

Building Size

1,500 SF

Asset Type

MultiFamily

Closing

Dec 9, 2024

AI

The property involved in this transaction is a multifamily townhouse located at 473 Monroe Street in Brooklyn. The sale price for this asset was $1,550,000, encompassing a total of 1,500 square feet and featuring two units. The price per unit stands at $775,000, while the price per square foot is noted at $1,033.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,550,000
  • Units: 2
  • Square Footage: 1,500
  • Price Per Unit: $775,000
  • Price Per Square Foot: $1,033
  • Buyer's Representative: Malcolm Louis Adams
  • Seller's Representative: Lisa Olivia Varlack & Esq. - Compass

This transaction involved key representatives in the real estate transaction: Malcolm Louis Adams represented the buyer, while the seller was represented by Lisa Olivia Varlack & Esq. of Compass. The property was newly renovated and featured modern design elements, enhancing the appeal to potential buyers and making it a valuable addition to the Brooklyn market.

Players

Malcolm Louis Adams

Compass

Broker

$27.9M

vol

15 deals

Broker

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

10.23%

Cash-on-Cash

-2.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93