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Alex Beer And Matthew Beer Acquire MultiFamily At 56 Frost St Brooklyn For $6.3M

Property Image
SOLD
$6,300,000
Sasha Berg
Yani Simantov

New York

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MultiFamily6,189 SF
Sold 07/03/2019
the dealplayerscompscontact
Property Image
SOLD

Alex Beer And Matthew Beer Acquire MultiFamily At 56 Frost St Brooklyn For $6.3M

56 Frost St

See Similar Deals
MultiFamily6,189 SF
Sold 07/03/2019
Sasha Berg
Yani Simantov
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,017
Total Square Footage:6,189 SF
Transaction Type:Sale

This transaction involved a multi-family asset located at 56 Frost St, Brooklyn, with a sale price of $6,300,000.00. The property encompasses a total square footage of 6,189.0 square feet.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $6,300,000.00
  • Address: 56 Frost St
  • Market: Brooklyn
  • Square Footage: 6,189.0
  • Buyer: Alex Beer & Matthew Beer (dtbg 56 Frost Street Owner LLC)
  • Seller: Solomon Eisenberg
  • Broker Representatives: Yani Simantov, Sasha Berg (GFI Realty Services)

In this deal, Alex Beer and Matthew Beer, acting as representatives of dtbg 56 Frost Street Owner LLC, acquired the property from seller Solomon Eisenberg. The negotiation involved brokerage representation by Yani Simantov and Sasha Berg from GFI Realty Services, facilitating the transaction process.

Players

Sasha Berg
GFI Realty Services
Sasha Berg
11 deals$69.3M volume
BROKER
Yani Simantov
GFI Realty Services
Yani Simantov
5 deals$14.5M volume
BROKER
AB
Alex Beer & Matthew Beer
BUYER
SE
Solomon Eisenberg
SELLER

Details

SOLD
IMAGE: 07/03/2019 ADDRESS: 56 Frost St MARKET: Brooklyn ASSET TYPE: MultiFamily BROKERS: Yani Simantov(), Sasha Berg(GFI Realty Services) BUYER: Alex Beer & Matthew Beer(dtbg 56 Frost Street Owner LLC) SELLER: Solomon Eisenberg PRICE: $6,300,000.00 SF: 6189.0

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$336,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,382.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,865.21
Annual Debt Service$358,382.57