Updated Sep 5, 2024
Barcel Group Sells Brooklyn Multifamily For $14.95M With Marcel Fridman's Representation
690 Ocean Parkway
$14,950,000
$186/SF
Building Size
80,000 SF
Asset Type
MultiFamily
Closing
Sep 22, 2022
About this deal
AI
The multifamily property located in Brooklyn has recently been sold for a price of $14,950,000. This sale marks the first change in ownership for the property in over 40 years. The property consists of 82 units with an average price per unit of $182,317. The total square footage of the property is approximately 80,000 square feet, resulting in a price per square foot of $186.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $14,950,000
- Units: 82
- Price per Unit: $182,317
- Square Footage: 80,000
- Price per Square Foot: $186
The transaction was facilitated by broker Marcel Fridman from Barcel Group. As the representative of the seller or buyer, Marcel Fridman played an integral role in the successful completion of the deal.
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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93