Updated Dec 21, 2023
Michelle Griffith & Lisa Mathias Of Douglas Elliman Sell Multifamily Property On Park Avenue For $7.65M
784 Park Avenue, Brooklyn, New York 11205, United States
$7,650,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 7, 2022
About this deal
AI
The multifamily property located at 784 Park Avenue in Lenox Hill has been sold for $7,650,000. The sale was completed on 08/08/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,650,000
- Address: 784 Park Avenue, Lenox Hill
- Brokers: Michelle Griffith & Lisa Mathias - Douglas Elliman
The sale of this multifamily property was handled by brokers Michelle Griffith and Lisa Mathias from Douglas Elliman.
The multifamily sale at 784 Park Avenue, Brooklyn, New York 11205, United States in New York, New York sold for $7.7M in 2022. 784 Park Avenue, Brooklyn, New York 11205, United States is classified as Multifamily on Traded. Michelle Griffith, Lisa Mathias, Douglas Elliman appear on the sale alongside Douglas Elliman. This page is the New York, New York file for the 784 Park Avenue, Brooklyn, New York 11205, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else sold near 784 Park Avenue, Brooklyn, New York 11205, United States around 2022. Published consideration for 784 Park Avenue, Brooklyn, New York 11205, United States is $7.7M, dated 2022. Cite this Michelle Griffith & Lisa Mathias Of Douglas Elliman Sell Multifamily Property On Park Avenue For $7.65M sale when underwriting similar multifamily product around New York, New York.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.07%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93