701 Franklin Avenue
701 Franklin Avenue
$3,050,000
$518/SF
Building Size
5,880 SF
Asset Type
MultiFamily
Closing
Dec 6, 2024
AI
The property asset involved in the transaction is a multifamily building located at 701 Franklin Avenue, Brooklyn. The sale price for the property was $3,050,000, with a total square footage of 5,880 and a price per square foot of $518.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,050,000
- Address: 701 Franklin Avenue
- Market: Brooklyn
- Square Footage: 5,880
- Price per Square Foot: $518
- Buyer: James Grasso
- Seller: McCaulley Family
- Broker: Adam Traub - Curb Capital
The deal involved James Grasso as the buyer and the McCaulley Family as the seller. Adam Traub represented the transaction through Curb Capital, facilitating the exchange of this multifamily asset in the Brooklyn market.
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
5.20%
Cash-on-Cash
-1.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93