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551 Argyle Rd, Brooklyn, NY...

Jake Mnook Acquires Multifamily Property In Ditmas Park For $1.75M, From Seller Meny Treitel (Nathan Malkoukian, @RyanSerhant, Robert Bell)
SOLDMultiFamily

Jake Mnook Acquires Multifamily Property In Ditmas Park For $1.75M, From Seller Meny Treitel (Nathan Malkoukian, @RyanSerhant, Robert Bell)

551 Argyle Rd, Brooklyn, NY 11230, USA

$1,750,000

$541/SF

Building Size

3,232 SF

Asset Type

MultiFamily

Closing

Jul 28, 2019

AI

A multifamily property located at 551 Argyle Rd in Ditmas Park has been sold in a closed transaction. The property spans 3,232 square feet and was sold at a sale price of $1,750,000, resulting in a price per square foot of $541. The property was originally listed with an asking price of $1,950,000.

Summary of transaction details

  • Property Type: Multifamily
  • Address: 551 Argyle Rd
  • Market: Ditmas Park
  • Sale Price: $1,750,000
  • Asking Price: $1,950,000
  • Square Footage: 3,232
  • Price Per Square Foot: $541

The seller of the property was Meny Treitel, while the buyer was Jake Mnook. The transaction was facilitated by brokers Nathan Malkoukian, @RyanSerhant, and Robert Bell.

Players

Robert Bell

Compass

Broker

$1.8M

vol

1 deal

Broker
Nest Seekers International
Nest Seekers InternationalBrokerage

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

9.06%

Cash-on-Cash

-2.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93