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572 E 26th St Brooklyn, NY ...

Terra CRG Brokers Sell New York City Multifamily Property For $1.25M
SOLDMultiFamily

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

Matthew Cosentino

Terra CRG

Broker

$319M

vol

81 deals

Broker

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