Updated Oct 28, 2024
Shamco Properties Sells Multifamily Property In Brooklyn For $6.05M With Brokers Aaron Jungreis & Ben Khakshoor & Alex Fuchs
690 Rogers Avenue, Brooklyn, NY 11226
$6,050,000
$239/SF
Building Size
25,293 SF
Asset Type
MultiFamily
Closing
Dec 30, 2021
About this deal
AI
A multifamily property located at 690 Rogers Avenue in Brooklyn has been sold for a total price of $6,050,000. The property spans an area of 25,293 square feet, resulting in a price per square foot of $239. It consists of 28 units, with an average price per unit of $216,071.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,050,000
- Address: 690 Rogers Avenue
- Market: Brooklyn
- Seller: Shamco Properties
- Brokers: Aaron Jungreis, Ben Khakshoor, and Alex Fuchs - Rosewood Realty Group
- Square Footage: 25,293 SF
- Price per Square Foot: $239
- Number of Units: 28
- Price per Unit: $216,071
The sale of the multifamily property was facilitated by Aaron Jungreis, Ben Khakshoor, and Alex Fuchs from Rosewood Realty Group. Their expertise and representation played a crucial role in the transaction.
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
2.62%
Cash-on-Cash
-0.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93