facebook
Traded Co logo
Submit

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

Property Image
SOLD
$5,050,000

New York

See Similar Deals
MultiFamily120,000 SF
Sold 06/13/2019
the dealplayerscompscontact
Property Image
SOLD

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

527 Monroe St, Brooklyn, NY 11221, USA

See Similar Deals
MultiFamily120,000 SF
Sold 06/13/2019
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$42
Total Square Footage:120,000 SF
Transaction Type:Sale

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
141 deals$451.5M volume
BROKER

Adam Cohen
5 deals$82.5M volume
BUYER

Adam Cohen
5 deals$82.5M volume
BUYER

Adam Cohen
5 deals$82.5M volume
BUYER

Details

SOLD
IMAGE: Adam Cohen and Marcel Fridman DATE: 06/13/2019 ADDRESS: 527 Monroe Street MARKET: Brooklyn, Bedford Stuyvesant ASSET TYPE: Multifamily ASKING PRICE: $6,000,000 SALE PRICE: $5,050,000 SF: 12,000 PPSF: $420 SELLER: Abe Green BUYER: @Adam_Cohen84 BROKER: Marcel Fridman NOTE: Property was fully vacant and 100% free market.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$269,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,941.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,939.58
Annual Debt Service$287,274.92