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896 Madison St, Brooklyn, N...

Updated Dec 21, 2023

ONE Commercial's Josh Lipton, Stephen Ramkelawan & Andrew Levine Sell Multi-Family Property In Brooklyn To Abi Goldberg For $1.39M
SOLDMultiFamily

ONE Commercial's Josh Lipton, Stephen Ramkelawan & Andrew Levine Sell Multi-Family Property In Brooklyn To Abi Goldberg For $1.39M

896 Madison St, Brooklyn, NY 11221, USA

Building Size

65,000 SF

Asset Type

MultiFamily

Closing

Mar 8, 2018

About this deal

AI

Located at 896 Madison Street in Brooklyn, New York, this multi-family property was recently sold for a price of $1,390,000. The property spans across 6,500 square feet and consists of 8 residential units. With a price per square foot of $213, this property offers a great investment opportunity in the Brooklyn market.

Summary of transaction details

  • Property Type: Multi-family
  • Transaction Amount: $1,390,000
  • Address: 896 Madison Street
  • City: New York
  • Market: Brooklyn
  • Square Footage: 6,500 sf
  • Price Per Square Foot: $213
  • Units: 8 Residential Units

The seller of this property was Avi Frund, while the buyer is Abi Goldberg. The deal was facilitated by ONE Commercial’s representatives, Josh Lipton, Stephen Ramkelawan, and Andrew Levine. Their expertise and negotiation skills played a crucial role in the successful transaction of this multi-family property.

Players

Andrew Levine

Invictus Property Advisors

Broker

$454.4M

vol

68 deals

Broker

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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