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802 Driggs Avenue

Parveen Sultan Sells Brooklyn Multifamily At 802 Driggs Avenue For $2.7 Million
SOLDMultiFamily

Parveen Sultan Sells Brooklyn Multifamily At 802 Driggs Avenue For $2.7 Million

802 Driggs Avenue

$2,700,000

$847/SF

Building Size

3,185 SF

Asset Type

MultiFamily

Closing

Feb 18, 2025

AI

The property involved in this transaction is a multifamily asset located at 802 Driggs Avenue in Brooklyn. The property encompasses four units and has a total square footage of 3,185. The sale price for this property was $2,700,000, which translates to a price per unit of $675,000 and a price per square foot of $847.

Summary of transaction details:

In this transaction, Parveen Sultan acted as the seller of the multifamily property, while Daniel Barcelowsky from Evergreen Realty & Investments represented the seller in the deal.

Players

Daniel Barcelowsky

Evergreen Realty & Investments

Broker

$83.9M

vol

52 deals

Broker

Brooklyn 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

5.88%

Cash-on-Cash

-1.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93