Updated Dec 20, 2023
Ian Clark-Fisher Acquires Multifamily Property In Brooklyn For $1.5M
639 Madison Street, Brooklyn, New York 11221, United States
$1,465,000
$542/SF
Building Size
2,700 SF
Asset Type
MultiFamily
Closing
Mar 2, 2022
About this deal
AI
The multifamily property located at 639 Madison Street in Brooklyn was recently sold for a price of $1,465,000. Spanning across 2,700 square feet, this property offers a price per square foot of $543.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,465,000
- Address: 639 Madison Street, Brooklyn
- Market: Brooklyn
The buyer of this property was Ian Clark-Fisher, while the seller was Leo DeLeon. The deal was facilitated by the brokers Jakub Nowak and Jason Grunberg from The Nowak Group, representing Marcus & Millichap. If you would like to learn more about their expertise in selling NYC commercial property, you can contact Jakub Nowak at 718-475-4353 or Jason Grunberg at 718-475-4390.
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
10.83%
Cash-on-Cash
-3.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93