Chengronghao Gu Acquires Multifamily In Prospect Heights For $3.9M
479 Bergen Street
$3,900,000
$944/SF
Building Size
4,130 SF
Asset Type
MultiFamily
Closing
Apr 15, 2024
AI
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
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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93