Pereira Family Sells Multifamily Property At 568 Rogers Avenue Brooklyn For $1.3M
568 Rogers Avenue
$1,300,000
$433/SF
Building Size
3,000 SF
Asset Type
MultiFamily
Closing
Aug 14, 2024
AI
The property asset involved in the transaction is a multi-family building located at 568 Rogers Avenue in Brooklyn. The sale was finalized at a price of $1,300,000, encompassing 4 units. The total square footage of the property is 3,000, translating to a price per unit of $325,000 and a price per square foot of $433.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,300,000
- Units: 4
- Square Footage: 3,000
- Price Per Unit: $325,000
- Price Per Square Foot: $433
- Seller: Pereira Family
- Brokers: Marcel Fridman - Barcel Group & Jonathan Bichoupan - Westbridge Realty Group
- Date of Transaction: 08/14/2024
The deal involved the Pereira Family as the seller, represented by brokers Marcel Fridman from Barcel Group and Jonathan Bichoupan from Westbridge Realty Group, who facilitated the transaction.
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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93