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
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