Updated Dec 4, 2024
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
About this deal
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.
On the Map
$1,600,000
$533/SF
MultiFamily
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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