Updated Oct 29, 2024
Witnick Real Estate Partners Acquires Multifamily Property In Prospect Heights, Brooklyn For $4.37M
750 Washington Avenue, Brooklyn, NY 11238
$4,375,000
$566/SF
Building Size
7,720 SF
Asset Type
MultiFamily
Closing
Dec 3, 2018
About this deal
AI
A multifamily property located at 750 Washington Ave in Prospect Heights, Brooklyn was recently sold. The property, spanning 7,720 square feet, was sold for a total price of $4,375,000, resulting in a price per square foot of $566. The transaction took place on 12/04/2018.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,375,000
- Address: 750 Washington Ave
- Market: Prospect Heights, Brooklyn
- Seller: Jacob Fetman
- Buyer: Witnick Real Estate Partners
Jesse Samek from Witnick Real Estate Partners represented the buyer and acted as the broker in this 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
3.63%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93