Angelo & Company Acquires $15.2M Multi-family Property In Brooklyn
957 Greene Ave, Brooklyn, NY 11221, USA
Building Size
49,434 SF
Asset Type
MultiFamily
Closing
Jul 8, 2018
AI
The multi-family property located at 957 Greene Avenue in Bedford-Stuyvesant, Brooklyn, has been sold for a total price of $15,200,000. The property spans a gross square footage of 49,434, with 54 units available. The price per square foot comes to $307.48, and the price per unit is $915. The property boasts a cap rate of 3.28%.
Summary of transation details
- Property Type: Multi-family
- Transaction Amount: $15,200,000
- Address: 957 Greene Avenue, Bedford-Stuyvesant, Brooklyn
- Market: New York
- Gross Square Feet: 49,434
- Price Per Square Foot: $307.48
- Units: 54
- Price Per Unit: $915
- Cap Rate: 3.28%
The buyer of the property is Angelo & [...]
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