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750 MacDonough St, Brooklyn...

Updated Dec 21, 2023

Jerry Reznik Acquires Ocean Hill Multifamily Property For $1.7M With Bestreich Realty Group As Brokers
SOLDMultiFamily

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...

Players

Brian Davila

Investment Property Realty Group (IPRG)

Broker

$290.4M

vol

111 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $33 per square foot on a published $1.7M for 50,700 square feet (2019).

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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

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