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Goldmont Realty Acquires Multifamily In Sunset Park For $3.5M

Property Image
SOLD
$3,500,000
Dustin Cook
Matt Fotis

New York

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MultiFamily16,860 SF
Sold 05/09/2022
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Property Image
SOLD

Goldmont Realty Acquires Multifamily In Sunset Park For $3.5M

768 45th Street, Brooklyn, New York 11220, United States

See Similar Deals
MultiFamily16,860 SF
Sold 05/09/2022
Dustin Cook
Matt Fotis
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$207
Total Square Footage:16,860 SF
Transaction Type:Sale

The multifamily property located at 768 45th St. in Sunset Park has been sold. The property consists of 24 units and spans across 16,888 square feet. The sale price for this transaction was $3,500,000, resulting in a price per unit of $145,833 and a price per square foot of $207.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,500,000
  • Address: 768 45th St.
  • Market: Sunset Park
  • Units: 24
  • Price per Unit: $145,833
  • Total Square Footage: 16,888
  • Price per Square Foot: $207

The buyer in this transaction was Goldmont Realty, while the seller was the Chazen Family. Representing the buyer and seller in this deal were Matt Fotis and Dustin Cook from Marcus & Millichap.

Players

Matt Fotis
Marcus & Millichap
Matt Fotis
111 deals$598M volume(212) 430-5234
BROKER
Dustin Cook
Marcus & Millichap
Dustin Cook
3 deals$30.6M volume
BROKER
GR
Goldmont Realty
BUYER

Details

SOLD
IMAGE: Matt Fotis & Dustin Cook DATE: 05/09/2022 ADDRESS: 768 45th St. MARKET: Sunset Park ASSET TYPE: Multifamily BUYER: Goldmont Realty SELLER: Chazen Family BROKERS: Matt Fotis (@FotisMatt) & Dustin Cook - Marcus & Millichap (@TriboroughMultifamily) SALE PRICE: $3,500,000 UNITS: 24 ~ PPU: $145,833 SF: 16,888 ~ PPSF: $207

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$12,434.75
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