Updated Sep 9, 2024
Terra CRG And Rosewood Realty Group Sell Multifamily Property In Brooklyn For $34.9M
50 North 1st Street
$34,926,000
$638/SF
Building Size
54,698 SF
Asset Type
MultiFamily
Closing
Jan 30, 2023
About this deal
AI
The multifamily property located at 50 North 1st Street in Brooklyn has been sold in a recent transaction. The sale price for this property was $34,926,000, with a total square footage of 54,698. This translates to a price per square foot of $639.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $34,926,000
- Address: 50 North 1st Street, Brooklyn
- Market: Brooklyn
The sale of this multifamily property was facilitated by two broker representatives. Daniel Lebor and Matthew Cosentino from Terra CRG, and Aaron Jungreis, Ben Khakshoor, and Alex Fuchs from Rosewood Realty Group played key roles in the transaction.
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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93