SOLDMultiFamily
Jonathan Lipkin Sells Brooklyn Multifamily For $2.7M With Brokers Jakub Nowak & Jesse Kay
691 Union Street
$2,700,000
$540/SF
Building Size
5,000 SF
Asset Type
MultiFamily
Closing
Sep 30, 2022
AI
The multifamily property located at 691 Union Street in Brooklyn has been sold for a total price of $2,700,000. The asset spans a total of 5,000 square feet, resulting in a price per square foot of $540.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,700,000
- Address: 691 Union Street, Brooklyn
- Market: Brooklyn
The seller of the property is Jonathan Lipkin. The sale was facilitated by brokers Jakub Nowak and Jesse Kay from The Nowak Group, who represent Marcus & Millichap. For inquiries or assistance in selling your own commercial property, you may contact Jakub Nowak at 718-475-4353 or Jesse Kay at 718-475-4321.
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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93