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
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
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