Updated Dec 21, 2023
Jerry Reznik Acquires Ocean Hill Multifamily Property For $1.7M With Bestreich Realty Group As Brokers
750 MacDonough St, Brooklyn, NY 11233, USA
$1,700,000
$33/SF
Building Size
50,700 SF
Asset Type
MultiFamily
Closing
Dec 15, 2019
About this deal
AI
The multifamily property located at 750 MacDonough St in Ocean Hill, Brooklyn has been sold for a price of $1,700,000. The property spans a total square footage of 5,070, resulting in a price per square foot of $335. The property consists of 6 units, with a price per unit of $283,333.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,700,000
- Square Footage: 5,070
- Price Per Square Foot: $335
- Number of Units: 6
- Price Per Unit: $283,333
The seller of the property was Pedro Bonsenor B, while the buyer was Jerry Reznik. The transaction was facilitated by Bestreich Realty Group, with Derek Bestreich, Steve Reynolds, Tom Reynolds, and Brian Davila representing the parties involved in the deal.
NOTE: The property was delivered...
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93