Drew Popkin Acquires Multifamily Property In Prospect Heights, Brooklyn For $3.16M
543 Bergen St, Brooklyn, NY 11217, USA
$3,165,000
$373/SF
Building Size
8,480 SF
Asset Type
MultiFamily
Closing
Jul 22, 2020
AI
The multifamily property located at 543 Bergen Street in Prospect Heights, Brooklyn, was recently sold for a price of $3,165,000. The property spans across 8,480 square feet, resulting in a price per square foot of $373. The building consists of 8 units, with each unit selling at an average price of $395,625.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,165,000
- Square Footage: 8,480
- Price Per Square Foot: $373
- Number of Units: 8
- Price Per Unit: $395,625
- Address: 543 Bergen Street, Prospect Heights, Brooklyn
The seller of the property was Alice Leon, while the buyer was Drew Popkin. The transaction was facilitated by Peter Von Der Ahe, Shaun Riney, and Andrew Bronsteen from New York Multifamily and Marcus & Millichap NY.
Players
New York 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
5.01%
Cash-on-Cash
-1.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93