facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

561 Driggs Ave, Brooklyn, N...

Ennismore LLC Acquires Multifamily Property On Driggs Avenue, Brooklyn For $2.2M
SOLDMultiFamily

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.

Players

Sarah Sawyer

Compass

Broker

$33.9M

vol

4 deals

Broker

Alex Budney

Buyer

$15.1M

vol

3 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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