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
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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