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89 Beadel St, Brooklyn, NY ...

Updated Oct 29, 2024

Mizrahi Management Acquires Multi-Family Property In Greenpoint, Brooklyn For $1.65M
SOLDMultiFamily

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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Deal FAQ

About $500 per square foot on a published $1.7M for 3,300 square feet (2018).

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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

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