AD Prospect Holdings LLC Acquires Multifamily Asset At 722 President Street In Brooklyn For $3.4M
SOLD
$3,400,000
New York
See Similar DealsMultiFamily4,200 SF
Sold 11/22/2024
SOLD
AD Prospect Holdings LLC Acquires Multifamily Asset At 722 President Street In Brooklyn For $3.4M
722 President Street
See Similar DealsMultiFamily4,200 SF
Sold 11/22/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$809
Total Square Footage:4,200 SF
Transaction Type:Sale
The property asset involved in this transaction is a multifamily building located at 722 President Street, Brooklyn. The sale price was $3,400,000 for a total of 4,200 square feet, which results in a price per square foot of $809. The building consists of 3 units, leading to a price per unit of $1,133,333.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,400,000
- Address: 722 President Street
- Market: Brooklyn
- Units: 3
- Square Footage: 4,200
- Price Per Square Foot: $809
- Price Per Unit: $1,133,333
The buyer of the property is AD Prospect Holdings LLC, while the seller is the Porretto Family. The transaction was facilitated by the brokerage team of John Brennan and Bryan Ellis from Marcus & Millichap, representing the involved parties in this deal.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$181,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82
Is there something missing? Send suggestions