Updated Dec 21, 2023
Rosewood Realty Group Brokers Sell Multifamily Property In Brooklyn For $8.3M
776 Crown Street, Brooklyn, NY 11213
$8,300,000
$221/SF
Building Size
37,541 SF
Asset Type
MultiFamily
Closing
Dec 30, 2021
About this deal
AI
The multifamily property located at 776 Crown Street in Brooklyn recently sold for a price of $8,300,000. This transaction took place on December 30, 2021. The property spans a total area of 37,541 square feet, resulting in a price per square foot of $221. It consists of 52 units, making the price per unit $159,615.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,300,000
- Market: Brooklyn
- Address: 776 Crown Street
- Square Footage: 37,541
- Price per Square Foot: $221
- Number of Units: 52
- Price per Unit: $159,615
The deal was facilitated by Aaron Jungreis, Ben Khakshoor, and Alex Fuchs, who represented the seller and/or buyer in this transaction. These brokers work for the Rosewood Realty Group, a prominent real estate agency.
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
1.91%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93