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
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