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480 Warren Street, Boerum H...

Matt Fotis & Chase Midgley Sell Multifamily Property In Boerum Hill For $2.1M
SOLDMultiFamily

Matt Fotis & Chase Midgley Sell Multifamily Property In Boerum Hill For $2.1M

480 Warren Street, Boerum Hill, Brooklyn, NY, USA

$2,100,000

$656/SF

Building Size

3,200 SF

Asset Type

MultiFamily

Closing

Jun 8, 2021

AI

Located in Boerum Hill, this multifamily property at 480 Warren Street recently changed ownership in a closed transaction. The property spans 3,200 square feet and falls under tax class 2A. The sale price for this asset was $2,100,000, resulting in a price per square foot (PPSF) of $656.

Summary of Transaction Details:

  • Property Type: Multifamily
  • Transaction Amount: $2,100,000
  • Address: 480 Warren Street
  • Market: Boerum Hill
  • Tax Class: 2A

The seller, Joel Yates, enlisted the services of Matt Fotis and Chase Midgley from an undisclosed agency to represent him in the transaction. Their expertise contributed to the successful completion of the deal.

Players

Matt Fotis

Marcus & Millichap

Broker

$598M

vol

111 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

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93