Updated Oct 25, 2024
Marcus & Millichap Brokers Sell Multifamily Property In Kensington/BK For $1.475M
737 Church Ave, Brooklyn, NY 11218, USA
$1,475,000
$433/SF
Building Size
3,402 SF
Asset Type
MultiFamily
Closing
Jul 31, 2019
About this deal
AI
The multifamily property located at 737 Church Avenue in Kensington/BK has been sold in a closed transaction. The property spans 3,402 square feet and was listed with an asking price of $1,495,000. The final sale price was slightly lower, at $1,475,000, resulting in a price per square foot of $433.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,475,000
- Address: 737 Church Avenue
- Market: Kensington/BK
The seller of the property was David Shorenstein, while the buyer was Arkadi Haymof. The transaction was facilitated by brokers Shaun Riney, Dan Greenblatt, and Zalman Yarmush from Marcus & Millichap.
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
10.75%
Cash-on-Cash
-3.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93