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568 Rogers Avenue

Pereira Family Sells Multifamily Property At 568 Rogers Avenue Brooklyn For $1.3M
SOLDMultiFamily

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:

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

Jonathan Bichoupan

Westbridge Realty Group

Broker

$29.9M

vol

9 deals

Broker

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