facebook
Traded Co logo
Submit

Chengronghao Gu Acquires Multifamily In Prospect Heights For $3.9M

Property Image
SOLD
$3,900,000
Jason Farese
Andrew Bronsteen
Mark Zarrella
+ 1

New York

See Similar Deals
MultiFamily4,130 SF
Sold 04/15/2024
the dealplayerscompscontact
Property Image
SOLD

Chengronghao Gu Acquires Multifamily In Prospect Heights For $3.9M

479 Bergen Street

See Similar Deals
MultiFamily4,130 SF
Sold 04/15/2024
Jason Farese
Andrew Bronsteen
Mark Zarrella
+ 1
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$944
Total Square Footage:4,130 SF
Transaction Type:Sale

The multifamily property located at 479 Bergen Street in Prospect Heights, Brooklyn was sold for $3,900,000. The property consists of 7 units with a total square footage of 4,130. The price per unit was approximately $557,143, and the price per square foot was calculated at $944.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $3,900,000
  • Units: 7
  • Price per Unit: $557,143
  • Square Footage: 4,130
  • Price per Square Foot: $944
  • Address: 479 Bergen Street, Prospect Heights, Brooklyn
  • Market: Prospect Heights, Brooklyn

The sale of this property was facilitated by the team from Marcus & Millichap, consisting of Shaun Riney, Andrew Bronsteen, Mark Zarrella, and Jason Farese.

Players

Andrew Bronsteen
Marcus & Millichap
Andrew Bronsteen
64 deals$257.5M volume
BROKER
Mark Zarrella
Marcus & Millichap
Mark Zarrella
38 deals$262.2M volume(718) 475-4376
BROKER
Shaun Riney
Marcus & Millichap
Shaun Riney
357 deals$1.8B volume(718) 475-4369
BROKER
Jason Farese
Marcus & Millichap
Jason Farese
24 deals$84.6M volume(718) 475-4352
BROKER

Details

SOLD
IMAGE: Mark Zarrella, Shaun Riney, Andrew Bronsteen & Jason Farese DATE: 04/15/2024 ADDRESS: 479 Bergen Street MARKET: Prospect Heights, Brooklyn ASSET TYPE: Multifamily BUYER: Chengronghao Gu BROKERS: Shaun Riney (@ShaunRiney1), Andrew Bronsteen (@BkBronsteen), Mark Zarrella (@MarkZarrella) & Jason Farese (@JrFaresenymf) - Marcus & Millichap (@MarcusMillichapinc) SALE PRICE: $3,900,000 UNITS: 7 ~ PPU: $557,143 SF: 4,130 ~ PPSF: $944

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$208,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,855.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,487.99
Annual Debt Service$221,855.88