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
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