Updated Oct 29, 2024
Mizrahi Management Acquires Multi-Family Property In Greenpoint, Brooklyn For $1.65M
89 Beadel St, Brooklyn, NY 11222, USA
$1,650,000
$500/SF
Building Size
3,300 SF
Asset Type
MultiFamily
Closing
Aug 13, 2018
About this deal
AI
The multi-family property located at 89 Beadel St in Greenpoint, Brooklyn has been sold in a closed transaction. The property consists of five units and was sold for a total price of $1,650,000, resulting in a price per square foot of $500. The seller of the property was Janakuarie Beharry, while the buyer was Mizrahi Management.
Summary of transaction details:
- Property Type: Multi family
- Transaction Amount: $1,650,000
- Price per Square Foot: $500
- Address: 89 Beadel St
- Market: Greenpoint, Brooklyn
- City: New York
Representing the buyer, Marcel Fridman from Barcel Group played a key role in facilitating the transaction. On the other hand, David Warren from Jacobs Realty Advisors served as the seller's representative throughout the deal.
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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93