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

Property Image
SOLD
$2,350,000
NM
Kerry Andrade

New York

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MultiFamily2,330 SF
Sold 10/28/2024
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Property Image
SOLD

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

524 11th Street

See Similar Deals
MultiFamily2,330 SF
Sold 10/28/2024
NM
Kerry Andrade
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,008
Total Square Footage:2,330 SF
Transaction Type:Sale

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

NM
Nadine Morency-Mohs
8 deals$11.3M volume
BROKER
Kerry Andrade
HHRE Group
Kerry Andrade
1 deal$2.4M volume(404) 662-1883
BROKER

Details

SOLD
IMAGE: Nadine Morency-Mohs & Kerry Andrade DATE: 10/28/2024 ADDRESS: 524 11th Street MARKET: Brooklyn ASSET TYPE: Multifamily BUYER: Asav Levi SELLER: Frederick Monia BUYER'S REP: Nadine Morency-Mohs (@JaymoreRealty) - Jaymore Realty SELLER'S REP: Kerry Andrade (@OfficialHipHopRealEstate) - HHRE Group (@HHREGroup) SALE PRICE: $2,350,000 UNITS: 2 ~ PPU: $1,175,000 SF: 2,330 ~ PPSF: $1,008

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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