Terra CRG Brokers Sell New York City Multifamily Property For $1.25M
572 E 26th St Brooklyn, NY 11210, USA
$1,250,000
$206/SF
Building Size
6,067 SF
Asset Type
MultiFamily
Closing
Jun 14, 2023
AI
The multifamily property located at 572 East 26th Street in New York City has been sold. The transaction was facilitated by the brokers Matthew Cosentino, Remi Norris, and Aaron Zimin from Terra CRG. The sale price for this property was $1,250,000. The property consists of eight units, with a price per unit of $156,250. The total square footage of the property is 6,067, resulting in a price per square foot of $206.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Units: 8
- Price per Unit: $156,250
- Square Footage: 6,067
- Price per Square Foot: $206
The deal was completed by the brokers Matthew Cosentino, Remi Norris, and Aaron Zimin from Terra CRG. They represented the parties involved in this transaction, playing a key role in making the sale possible.
Players
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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93