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56 Frost St

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

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

56 Frost St

$6,300,000

$1,017/SF

Building Size

6,189 SF

Asset Type

MultiFamily

Closing

Jul 3, 2019

AI

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

Broker

$69.3M

vol

11 deals

Broker

Alex Beer & Matthew Beer

dtbg 56 Frost Street Owner LLC

Buyer
Buyer

Solomon Eisenberg

Seller
Seller

Brooklyn 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

2.52%

Cash-on-Cash

-0.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93