Updated Nov 29, 2023
Sam Alazzwear Acquires Sunset Park Multifamily In Brooklyn For $790K
565 39th Street, Greenwood Heights, Brooklyn, NY, USA
$790,000
$219/SF
Building Size
3,606 SF
Asset Type
MultiFamily
Closing
Jan 10, 2021
About this deal
AI
A multifamily property consisting of 6 units located at 565 39th Street in Sunset Park, Brooklyn was recently sold in a closed transaction. The sale took place on January 11, 2021, and the property was represented by Matthew Dittmeier and John Brennan. The market value of the property is undisclosed.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $790,000
- Date: 01/11/2021
- Address: 565 39th Street
- Market: Sunset Park, Brooklyn
- Units: 6
The buyer of the property is Sam Alazzwear, while the seller is Diego Tantillo. The transaction was facilitated by the brokers John Brennan and Matthew Dittmeier, who represent Marcus & Millichap.
The property spans a total square footage of 3,606, with a building square footage (BSF) of 5,008. The price per building square footage (PPBSF) stands at $157, while the price per square foot (PPSF) is $219. The property is categorized under tax class 2A, and the capitalization rate (CAP) is 4.64%.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Matt Dittmeier to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
20.08%
Cash-on-Cash
-5.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93