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527 Monroe St, Brooklyn, NY...

Adam Cohen Acquires 527 Monroe Street Multifamily In Brooklyn For $5.05M
SOLDMultiFamily

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

Marcel Fridman

Barcel Group

Broker

$456.5M

vol

142 deals

Broker
Adam Cohen

Adam Cohen

Buyer

$82.5M

vol

5 deals

Buyer

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