Updated Dec 21, 2023
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
About this deal
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