Joseph Brikman & Nathaniel Smith Brokered a Multifamily Property At 979 Saint Johns Place Brooklyn For $1.6M
SOLD
New York
See Similar DealsMultiFamily3,000 SF
Sold 06/30/2024
SOLD
Joseph Brikman & Nathaniel Smith Brokered a Multifamily Property At 979 Saint Johns Place Brooklyn For $1.6M
979 Saint Johns Place
See Similar DealsMultiFamily3,000 SF
Sold 06/30/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$533
Total Square Footage:3,000 SF
Transaction Type:Sale
The multifamily property located at 979 Saint Johns Place in Brooklyn was sold for $1,600,000. This asset consists of 3 units and has a total square footage of 3,000, resulting in a price per unit of $533,333 and a price per square foot of $533.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Address: 979 Saint Johns Place
- Market: Brooklyn
- Units: 3
- Square Footage: 3,000
- Price Per Unit: $533,333
- Price Per Square Foot: $533
- Seller: Tony Namdar
- Buyer's Representative: Joseph Brikman
- Seller's Representative: Nathaniel Smith - Oxford Property Group
Joseph Brikman represented the buyer in this transaction, while Nathaniel Smith from Oxford Property Group represented the seller, facilitating the deal between the two parties involved.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80
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