Updated Sep 5, 2024
Lev Mavashev's Alpha Realty Sells 22-Unit MultiFamily In New York City For $6.25M
702 Rockaway Ave Brooklyn, NY 11212, USA
$6,250,000
$347/SF
Building Size
18,000 SF
Asset Type
MultiFamily
Closing
Apr 20, 2023
About this deal
AI
The multi-family property located at 702 Rockaway Avenue in New York City has been sold in a recent transaction. The property spans across 18,000 square feet and consists of 22 units. The sale price for this transaction was $6,250,000, resulting in a price per unit of $284,091 and a price per square foot of $347.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $6,250,000
- Address: 702 Rockaway Avenue
- Market: New York City
- Units: 22
- Price per Unit: $284,091
- Square Footage: 18,000
- Price per Square Foot: $347
The sale was facilitated by Lev Mavashev of Alpha Realty, who represented the parties involved 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
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93