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
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.
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