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543 Bergen St, Brooklyn, NY...

Drew Popkin Acquires Multifamily Property In Prospect Heights, Brooklyn For $3.16M
SOLDMultiFamily

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

Andrew Bronsteen

Marcus & Millichap

Broker

$271M

vol

65 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

358 deals

Broker

Drew Popkin

Highpoint Property Group

Buyer

$78.1M

vol

11 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

5.01%

Cash-on-Cash

-1.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93