Adam Cohen Acquires 527 Monroe Street Multifamily In Brooklyn For $5.05M
527 Monroe St, Brooklyn, NY 11221, USA
$5,050,000
$42/SF
Building Size
120,000 SF
Asset Type
MultiFamily
Closing
Jun 12, 2019
AI
The multifamily property located at 527 Monroe Street in Brooklyn's Bedford Stuyvesant neighborhood has been sold in a closed transaction. The property comprises 12,000 square feet and was fully vacant at the time of sale. The asking price for the property was $6,000,000, and it was sold for $5,050,000, resulting in a price per square foot of $420. The transaction was completed between seller Abe Green and buyer @Adam_Cohen84.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $5,050,000
- Address: 527 Monroe Street
- Market: Brooklyn, Bedford Stuyvesant
- Square Footage: 12,000
- Asking Price: $6,000,000
- Price per Square Foot: $420
- Seller: Abe Green
- Buyer: @Adam_Cohen84
The deal was facilitated by broker Marcel Fridman who represented the buyer, @Adam_Cohen84, in the transaction.
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
3.14%
Cash-on-Cash
-0.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93