Updated Oct 29, 2024
Ennismore LLC Acquires Multifamily Property On Driggs Avenue, Brooklyn For $2.2M
561 Driggs Ave, Brooklyn, NY 11211, USA
$2,200,000
$647/SF
Building Size
3,400 SF
Asset Type
MultiFamily
Closing
Nov 4, 2019
About this deal
AI
The multifamily property located at 561 Driggs Avenue in North Williamsburg, Brooklyn has been sold in a closed transaction. The property spans 3,400 square feet and features 3 units. The market value of the property is $647 per square foot.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,200,000
- Address: 561 Driggs Avenue, North Williamsburg, Brooklyn
- Market: North Williamsburg, Brooklyn
- Seller: Theresa Delpozzo
- Buyer: Alex Budney, Ennismore LLC (@budnizzle)
- Broker: Sarah M. Sawyer - Bedford 6
- Asking Price: $2,499,000
- Price Per Square Foot: $647
- Units: 3
- Price Per Unit: $733,333
Alex Budney, represented by Ennismore LLC (@budnizzle), purchased the property from Theresa Delpozzo in this transaction. The deal was facilitated by Sarah M. Sawyer from Bedford 6.
On the Map
$2,200,000
$647/SF
MultiFamily
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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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93