Updated Dec 20, 2023
Barcel Group Acquires Multifamily Property In Brooklyn For $3.8M
522 Metropolitan Ave, Brooklyn, NY 11211, USA
$3,800,000
$27/SF
Building Size
141,000 SF
Asset Type
MultiFamily
Closing
Aug 27, 2020
About this deal
AI
The multifamily property located at 522 Metropolitan Ave in Brooklyn has been sold in a recent transaction. The property spans 14,100 square feet and was listed for an asking price of $4,750,000. The sale price was finalized at $3,800,000, resulting in a price per square foot of $269.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $3,800,000
- Square Footage: 14,100
- Asking Price: $4,750,000
- Price Per Square Foot: $269
- Address: 522 Metropolitan Ave, Brooklyn
The buyer's representative for this transaction was Marcel Fridman from Barcel Group, while Robert Napolitano and Jessie Lookfong from Capri Jet Realty represented the seller, Winston Muentes.
Players
New York 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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93