Updated Mar 11, 2025
Barcel Group Acquires Multifamily Property In Midwood For $2.35M
816 East 12th Street, Brooklyn, NY 11230, USA
$2,350,000
$166/SF
Building Size
14,080 SF
Asset Type
MultiFamily
Closing
Sep 30, 2021
About this deal
AI
The multifamily property located at 816 East 12th St. in Midwood has been sold for a transaction amount of $2,350,000. The property spans a total square footage of 14,080, resulting in a price per square foot of $166. This property falls under the R5B zoning category and features 16 residential units, with an average price per unit of $146,875.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,350,000
- Address: 816 East 12th St.
- Market: Midwood
- Zoning: R5B
The buyer in this transaction is Barcel Group, represented by Marcel Fridman.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93