Goldmont Realty Acquires Multifamily In Sunset Park For $3.5M
768 45th Street, Brooklyn, New York 11220, United States
$3,500,000
$207/SF
Building Size
16,860 SF
Asset Type
MultiFamily
Closing
May 8, 2022
AI
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
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93