Updated Dec 21, 2023
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
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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