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773 E 9th St, Brooklyn, NY ...

Updated Dec 21, 2023

Marcus & Millichap Brokers $1.4M Sale Of Multi-Family Property In Midwood
SOLDMultiFamily

Marcus & Millichap Brokers $1.4M Sale Of Multi-Family Property In Midwood

773 E 9th St, Brooklyn, NY 11230, USA

Building Size

5,200 SF

Asset Type

MultiFamily

Closing

Jun 26, 2018

About this deal

AI

The multi-family property located at 773 E 9th Street in the Midwood neighborhood of Brooklyn has been sold for a price of $1,400,000. This six-unit property spans across 5,200 square feet, resulting in a price per square foot of approximately $269.23. The property consists of six units, with a price per unit of around $233,000.

Summary of Transation Details

  • Property Type: Multi-Family
  • Transaction Amount: $1,400,000
  • Address: 773 E 9th Street, New York
  • Market: Brooklyn
  • Neighborhood: Midwood
  • Size: 5,200 square feet
  • Price per Square Foot: $269.23
  • Number of Units: 6
  • Price per Unit: $233,000

The seller of the property is Mildred Bregman, while the buyer is Majid Davatgarzadeh. The transaction was facilitated by the broker team of Marcus & Millichap, represented by John Brennan and Samuel Finkler.

Players

John Brennan

Marcus & Millichap

Broker

$191.3M

vol

75 deals

Broker
TrueRate Services
TrueRate ServicesBrokerage

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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