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979 Saint Johns Place

Joseph Brikman & Nathaniel Smith Brokered a Multifamily Property At 979 Saint Johns Place Brooklyn For $1.6M
SOLDMultiFamily

Joseph Brikman & Nathaniel Smith Brokered a Multifamily Property At 979 Saint Johns Place Brooklyn For $1.6M

979 Saint Johns Place

$1,600,000

$533/SF

Building Size

3,000 SF

Asset Type

MultiFamily

Closing

Jun 30, 2024

AI

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.

Players

Nathaniel Smith

FIND Real Estate

Broker

$35.1M

vol

13 deals

Broker

Brooklyn 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

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93