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524 11th Street

Asav Levi Acquires Multifamily Property At 524 11th Street Brooklyn For $2.35M
SOLDMultiFamily

Asav Levi Acquires Multifamily Property At 524 11th Street Brooklyn For $2.35M

524 11th Street

$2,350,000

$1,008/SF

Building Size

2,330 SF

Asset Type

MultiFamily

Closing

Oct 28, 2024

AI

The property asset involved in this transaction is a multifamily unit located at 524 11th Street in Brooklyn. The sale price was $2,350,000, comprising 2 units and totaling 2,330 square feet, with a price per unit of $1,175,000 and a price per square foot of $1,008.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,350,000
  • Units: 2
  • PPU: $1,175,000
  • SF: 2,330
  • PPSF: $1,008
  • Buyer: Asav Levi
  • Seller: Frederick Monia
  • Buyer's Rep: Nadine Morency-Mohs - Jaymore Realty
  • Seller's Rep: Kerry Andrade - HHRE Group

The deal involved key representatives including Nadine Morency-Mohs from Jaymore Realty representing the buyer, and Kerry Andrade from HHRE Group representing the seller. Their roles were crucial in facilitating the transaction between Asav Levi and Frederick Monia.

Players

Nadine Morency-Mohs

Broker

$11.3M

vol

8 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

6.75%

Cash-on-Cash

-1.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93