Sara Ram Purchases Multifamily Asset At 853 East 49th Street Brooklyn For $875,000
853 East 49th Street
$875,000
$533/SF
Building Size
1,640 SF
Asset Type
MultiFamily
Closing
Mar 25, 2026
AI
The property involved in this transaction is a multifamily asset located at 853 East 49th Street in Brooklyn. The sale price for the property was $875,000. It consists of 2 units and encompasses a total square footage of 1,640, which results in a price per unit of $437,500 and a price per square foot of $533.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $875,000
- Units: 2
- Price per Unit: $437,500
- Square Footage: 1,640
- Price per Square Foot: $533
- Buyer: Sara Ram
- Seller: Julia Shoy-Clarke
- Seller's Representative: Nadine Morency-Mohs
- Broker: Andrew Panton - Fave Realty
This transaction highlights the engagement between the buyer, Sara Ram, and the seller, Julia Shoy-Clarke, facilitated by Nadine Morency-Mohs, the seller's representative. Andrew Panton from Fave Realty acted as the broker in this deal, overseeing the transaction process between the involved parties.
Players
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
18.13%
Cash-on-Cash
-5.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93